BDC Capital partners with U of T tech program

BDC Capital has entered into a three-year partnership with the University of Toronto’s Rotman School of Management. More specifically, it has become a founding partner of Rotman’s Creative Destruction Lab, which has been in operation since 2012. Since then, the lab’s generated more than $100 million in equity value through its high-tech venture accelerator program. […]

By Staff | August 18, 2014 | Last updated on August 18, 2014

1 min read

BDC Capital has entered into a three-year partnership with the University of Toronto’s Rotman School of Management.

More specifically, it has become a founding partner of Rotman’s Creative Destruction Lab, which has been in operation since 2012. Since then, the lab’s generated more than $100 million in equity value through its high-tech venture accelerator program. That program helps speed the development and marketing of student-grown inventions with strong commercial potential.

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BDC Capital plans to become actively involved in all aspects of the venture accelerator program, and it will have a seat on the lab’s advisory board.

As such, all future graduates of the program will be eligible for BDC Capital’s convertible note investment program. Since 2012, BDC Capital has invested a total of $13.2 million in 87 companies nationwide via its convertible note investment program, with private investors putting up an additional $38 million.

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“We are looking to support as many of Canada’s high-potential early-stage companies as we can, while connecting them to the mentorship and private investments that they need,” says Dominique Bélanger, vice president of strategic investments and partnerships at BDC Capital.

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