Accelerate Fund
Accelerate Fund looks to invest in high growth potential companies serving business or enterprise customers – that need funding to prove out a big market, attract talent to their team, and grow their companies large enough to warrant future capital raises to support that growth.
We invest in entrepreneurs leading tech startups that are private, incorporated, and have a head office and more than 50% of employees located in Alberta.
Offered by Yaletown Partners
Amount
Typically $250,000 equity co-investment in the first financing round with a new company, matched by angel or private co-investors
Quick eligibility check
Who can apply
What types of companies does the Accelerate Fund consider investing in?
- Incorporated, private technology startup companies with a head office and more than 50% of employees located in Alberta.
- Product-based companies with proprietary technology/process and/or patents (awarded or filed).
- Companies in a technology sector including but not limited to life sciences, digital transformation, and artificial intelligence and other emerging opportunities.
- Companies who have committed investors to co-invest with Accelerate Fund.
- Companies (that have a confirmed angel investor) or their angel investors may submit a pitch form to the Accelerate Fund.
What type of financing is eligible for co-investment by the Accelerate Fund?
- Equity financing rounds with super angels and individual angel investors.
- Investment from angel groups and/or family funds.
- Convertible debt.
- The angel round under consideration may include investment of up to 50% from the company management (also included, friends and family of the management).
Not eligible:
What types of companies are NOT eligible for the Accelerate Fund
Non-technology companies
Non-Alberta based companies
Entrepreneurial concepts, research and/or development projects
Service or consulting businesses, unless services are delivered by a proprietary technology
Unincorporated companies including sole proprietorships and partnerships
What financing is NOT eligible for the Accelerate Fund
Investments from Venture Capital and Private Equity Funds
Government funding (from any level of government) including grants, vouchers, IRAP, SR&ED, and SDTC
Fees for third party consultants, agencies, business plan writers and service providers cannot be paid for with the Accelerate Fund capital
Debt financing
About the funding
It typically invests $250,000 into their first financing round with a new company. The Alberta Enterprise Corporation requires matching dollars from angel or private co-investors, which often results in a multiplier effect of two to three times the amount of their investment.
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| BDC Industrial Innovation Venture Fund | Investment | No fixed amount | Open |
