Accelerate Fund
$250,000.00
Investment
Description:
The Accelerate Fund is an early stage, angel co-investment fund available to Alberta technology companies, allowing them to secure additional financing for their current angel round, and tap into a broader network of industry support. It typically invests $250,000 into their first financing round with a new company. We require matching dollars from angel or private co-investors, which often results in a multiplier effect of two to three times the amount of our investment.
Comments on 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.
Currently accepting applications
Eligibility:
Applicants must:
1. Be Incorporated, private technology startup companies with a head office and more than 50% of employees located in Alberta.
2. Be a product-based companies with proprietary technology/process and/or patents (awarded or filed).
3. Be companies in a technology sector including but not limited to life sciences, digital transformation, and artificial intelligence and other emerging opportunities.
4. Be a companies who have committed investors to co-invest with Accelerate Fund.
5. Be a companies (that have a confirmed angel investor) or their angel investors may submit a pitch form to the Accelerate Fund.
Application Steps:
Applicants must:
1. Ensure eligibility
2. Submit your pitch online through their form.
Documentation Needed:
Applicants must submit:
1. Business Plan or Investor presentation
2. Financial Statements
3. Term Sheet
Other Things to Note:
Types of financing eligible for co-investment by the Accelerate Fund:
1. Equity financing rounds with super angels and individual angel investors.
2. Investment from angel groups and/or family funds.
3. Convertible debt.
4. The angel round under consideration may include investment of up to 50% from the company management (also included are friends and family of the management).
About the author
Maurice
