Process & Requirements
Alberta Enterprise invests in seed and venture capital funds that focus on technology innovation. We invest on standard industry terms and conditions, and require the fund to have a full-time presence in Alberta. In addition, we target fund managers with partners and network extending well beyond Alberta.
Fund size and structure
- Venture capital limited partnership
- Preferred minimum fund size $50 million
- Standard General Partner management fees
- Standard terms and conditions
Management
- Minimum two managing partners
- Must establish or maintain a full-time senior staff presence in Alberta
- Venture capital or private equity fund management experience
- Operational experience in early stage technology firms
- Personal networks in targeted industries
- Demonstrated deal flow and track record
Alberta Micro Fund Investments
Above criteria apply, with the following adjustments:
- AEC investment anchors emerging managers establishing a long-term presence in Alberta
- Firm must be headquartered in Alberta for the life of the fund
- There must be at least two Partners in the firm
- At least one of the partners must be located in Alberta, as well as the majority of staff
- Managing partners must contribute a combined minimum of 1.5 FTE of their business time to the fund
- Minimum fund size $25 million
- Early-stage investment focus
Sectors
Alberta Enterprise was established to make venture capital available to knowledge-based industries, which include the following sectors:
Information Technology
Software, cloud computing, telecom, the Internet of Things, artificial intelligence, machine learning, blockchain
Industrial Technology
Energy and clean energy tech,
industrial internet of things, materials, mining
Life Sciences
Biotechnology, nutraceuticals, advanced food manufacturing, ag tech, health/wellness, medical devices