Kensington is the Manager of the BC Tech Fund a $101 million venture capital fund launched by the Government of British Columbia in 2016. The BC Tech Fund was established to invest in emerging technology companies in BC across multiple sectors, including Information and Communications Technology (ICT), Digital Media, Clean Tech and Life Science/Healthcare. The BC Tech Fund mandate includes investments in BC-based venture capital funds and BC companies.
The BC Tech Fund was established with the goal of realizing the best financial returns within the established Fund parameters, with all investment decisions made on commercial market-based terms consistent with a well developed investment strategy. All investment decisions relating to the BC Tech Fund portfolio have been made by Kensington as the Fund’s Manager, based on Kensington’s opinion of the most compelling investment opportunities available from among eligible candidates.
The BC Tech Fund has now completed its Investment Period and has no remaining capital for new investments.
The following guidelines were been established for the BC Tech Fund for all companies seeking to be considered as candidates for investment.
|(1) Headquarters in BC or a significant number of senior executives residing in BC, and
(2) A substantial portion of its operations or a significant number of its full-time employees are located in BC.
|At the time of the BC Tech Fund’s initial investment, the company is at the Series A stage.
|The company’s business is in one of the target sectors listed above
|The company is not a reporting issuer and is not listed on any stock exchange.
|Headquarters in BC, or if based elsewhere, must have a BC office with at least one partner and investment committee member residing in BC
|Investment strategy primarily targeting companies at the Series A stage. Generally, a company will be considered at the Series A stage when it has a completed product that is being sold to paying customers, generating annual revenues in the range of $1 million to $3 million, with capital required to accelerate rapid growth.
|Investments to be focused on one or more of the target sectors listed above
|First-time funds require a minimum size of $50 million; Established funds require a minimum of $100 million
|The recipient fund must agree to invest at least the amount received from BC Tech Fund into BC companies
For all BC Tech Fund inquiries, please email BCTechFund@kcpl.ca
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