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Government of Canada Investment to Support Growth of Angel Investor Community in Western Canada

ID: 1375966

(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/30/15 -- Western Economic Diversification Canada

Today, Andrew Saxton, Member of Parliament for North Vancouver, on behalf of the Honourable Michelle Rempel, Minister of State for Western Economic Diversification, announced $1.5 million in Western Diversification Program funding to the National Angel Capital Organization (NACO), to implement a three year initiative aimed at growing the Angel investor community in Western Canada.

Through this investment, NACO will identify, recruit and educate Angel investors within Western Canada and connect these groups with other established Angel communities throughout Canada and the United States. This initiative is expected to triple the number of visible Angel investors in Western Canada, tapping into unexplored investment potential.

To strengthen the partnership between the Angel investor community and beneficiary innovation firms, NACO will work to identify best practices, develop investment standards, and determine preferred delivery channels. This will provide innovation firms access to capital and lead Canadian companies to market their products more efficiently.

Quick Facts

Quotes

"Our Government is committed to providing trade and investment opportunities to allow businesses, communities and institutions in the West to remain competitive in the global market. This ensures that Canadians can enjoy the benefits of strong economic growth and a high standard of living."

"This investment will strengthen Western Angel organizations, entrepreneurs and the economy. I''m looking forward to the innovative program this will fund and I believe it will make an impact over the next three years."

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Contacts:
Ben Stanford
Regional Communications Manager
Western Economic Diversification Canada
604-666-3395


Melissa Durrell
Communications Strategist
National Angel Capital Organization
519-500-4408


WD Toll-Free Number: 1-888-338-WEST (9378)
Teletypewriter (TTY): 1-877-303-3388
.


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Bereitgestellt von Benutzer: Marketwired
Datum: 30.07.2015 - 15:00 Uhr
Sprache: Deutsch
News-ID 1375966
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