The B.C. Renaissance Capital Fund Ltd. (BCRCF) is a Crown corporation that is wholly owned by the BC Immigrant Investment Fund (BCIIF). The purpose of the BCRCF is to attract successful venture capital managers and their capital to British Columbia in order to develop promising, innovative technology companies in the Province. The BCRCF was created for the purposes of pursuing investment in four key technology sectors: digital media, information technology, life sciences and clean technology. To date, the BCRCF has committed capital to seven venture capital fund managers based in the United States and Canada that have approximately $2 billion in capital under management for investment.
BCRCF Highlights
|
Commitment to Fund Managers |
$90 million |
$90 million |
|
Capital placed with Fund Managers |
$13 million |
$15 million |
|
Aggregate amount invested into BC Companies |
$44 million |
$61 million |
