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BC Tech Fund

Kensington is the Manager of the BC Tech Fund a $101 million venture capital fund launched by the Government of British Columbia in 2016. The BC Tech Fund was established to invest in emerging technology companies in BC across multiple sectors, including Information and Communications Technology (ICT), Digital Media, Clean Tech and Life Science/Healthcare. The BC Tech Fund mandate includes investments in BC-based venture capital funds and BC companies.

The BC Tech Fund was established with the goal of realizing the best financial returns within the established Fund parameters, with all investment decisions made on commercial market-based terms consistent with a well developed investment strategy. All investment decisions relating to the BC Tech Fund portfolio have been made by Kensington as the Fund’s Manager, based on Kensington’s opinion of the most compelling investment opportunities available from among eligible candidates.

The BC Tech Fund has now completed its Investment Period and has no remaining capital for new investments.

British Columbia Company Candidates

The following guidelines were been established for the BC Tech Fund for all companies seeking to be considered as candidates for investment.
Location

(1) Headquarters in BC or a significant number of senior executives residing in BC, and
(2) A substantial portion of its operations or a significant number of its full-time employees are located in BC.

Stage

At the time of the BC Tech Fund’s initial investment, the company is at the Series A stage.

Sector

The company’s business is in one of the target sectors listed above

Private

The company is not a reporting issuer and is not listed on any stock exchange.

British Columbia Venture Capital Fund Candidates

Location

Headquarters in BC, or if based elsewhere, must have a BC office with at least one partner and investment committee member residing in BC

Stage

Investment strategy primarily targeting companies at the Series A stage. Generally, a company will be considered at the Series A stage when it has a completed product that is being sold to paying customers, generating annual revenues in the range of $1 million to $3 million, with capital required to accelerate rapid growth.

Sector

Investments to be focused on one or more of the target sectors listed above

Size

First-time funds require a minimum size of $50 million; Established funds require a minimum of $100 million

Commitment

The recipient fund must agree to invest at least the amount received from BC Tech Fund into BC companies

For all BC Tech Fund inquiries, please email BCTechFund@kcpl.ca

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Portfolio highlights

Direct InvestmentsFund Investments
Software – Fintech and Integrated AI
Healthcare and Life Sciences
Diversified Early-Stage Software
Cleantech & Life Sciences through Advanced Materials
Diversified ICT
Next gen analytics, computational biology and disruptive hardtech
Intelligent industry and enterprise
Healthcare
Software, Cloud and Big Data

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