First Stone Fund Now has $10 Million to Invest in Early Stage Startups (Vues: 2163)
Fri, 10 Apr 2015
Industry Minister Gary Goodyear and MP Daryl Kramp joined First Stone partners to announce the first rural-based venture capital fund. First Stone is teaming with Prince Edward Lennox and Addington Community Futures Development Corporation (PELA-CFDC) through the Industry Canada [Fed/Dev Ontario] Investing in Regional Diversification initiative to jointly invest $10 million in early stage companies at First Stone’s “PEC Innovation Centre”.
Over the next few years, First Stone and PELA-CFDC will make up to 25 investments in emerging technology companies in eastern Ontario. Deemed by the Federal Government as a Pilot Project aimed at diversifying the rural economy with a goal of supporting the re-attraction of youth to the community with employment opportunities. First Stone is also committed to making significant returns to investors participating in the program. Entrepreneurs apply here for the chance at getting funded!
Do you want to personally meet First Stone investors? Apply to pitch at the Toronto Funding Roadshow at MaRS on May 22nd or attend the RoadTalks and enjoy amazing speakers and an evening filled with great networking opportunities.
Apply here before May 8th.
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