The Ontario Emerging Technologies Fund will co-invest — with qualified venture capital funds and other private investors — directly into companies working within the focus areas defined by Ontario’s Innovation Agenda:
- Clean technologies
- Life sciences and advanced health technologies
- Digital media and information and communications technologies.
A discretionary, non-entitlement investment program, the OETF is a $250 million fund that will commit a maximum of $50-million per year for five years. Investments will be made alongside qualified co-investors into innovative, high-growth Ontario companies.
Only Qualified Investors — those approved as eligible to submit a potential investment opportunity for consideration — can propose investments to the fund. Companies interested in investment must work through Qualified Investors. The OETF will only consider investments into companies working within the three sector areas (above).
The OETF will co-invest alongside Qualified Investors on the same terms and at the same time.
For details visit http://www.mri.gov.on.ca/english/programs/oetf/program.asp or http://www.ocgc.gov.on.ca/