WV CMDF Queen’s Scientific Breakthrough Fund (Kingston, ON)

CMDF Investment: $1,380,000.00
Focus: Other  

The venture fund will invest in enterprises formed by Queen's University researchers looking to protect; commercialize and market health and life sciences research discoveries. The Fund was the second fund to be launched under the Ontario Government's Community Small Business Investment Fund (CSBIF) Program. Established as a partnership between Queen's University; Working Ventures Canadian Fund and CMDF; the new Fund will be managed by PARTEQ; Queen's technology transfer arm. The program was founded to provide a local source of capital to small; high-growth businesses and to provide stimulus for investment partnerships between investment pools; universities and their local communities. The fund will make initial investments of to $25;000 and follow-on investments of up to a total of $1.4 million in companies with less than $1 million in assets. While the fund will focus on investing in biotechnology and health and life sciences enterprises; researchers from other technology fields could also qualify.