How do I apply for Venture Capital Corporation?

You can apply online through the official program website. Visit the application portal to submit your application.

What industries are eligible for Venture Capital Corporation?

Eligible industries include: cleantech, new media, various qualifying activities.

Who administers Venture Capital Corporation?

This program is administered by Government of British Columbia, Ministry of Finance.

Are there similar programs to Venture Capital Corporation?

Yes! Canada Grants Database has similar programs in the Business Financing & Capital category. Browse our database to find more options that match your needs.

Venture Capital Corporation

Government of British Columbia, Ministry of Finance

💰 Business Financing & Capital🗺️ Provincial🏪 Small Business📈 Growth🌱 Early-Stage

Equity investments for BC businesses

Funding

Up to $10,000,000

Deadline

Ongoing

Status

Ongoing

What Is This Program?

Individuals and corporate investors can get a tax refund of 30 % when they invest in a registered British Columbia Venture Capital Corporation.

What Benefits Are Offered?

tax creditequity investment attractionadvisory provision

This program provides a framework for Venture Capital Corporations (VCCs) and Eligible Business Corporations (EBCs) to attract private equity investment into British Columbia's small businesses. It offers a 30% provincial tax credit to eligible investors, thereby incentivizing capital flow. VCCs also provide valuable expertise and business knowledge to their investee companies.

Who Is Eligible?

Industries: cleantech, new media, various qualifying activities

Region: British Columbia

Other Criteria: Venture Capital Corporations (VCCs) must be formed for the sole purpose of investing in start-ups and emerging and expanding eligible small businesses, Eligible Business Corporations (EBCs) can accept equity capital directly from investors, VCCs and EBCs must apply annually for an equity authorization, Applicants (VCCs/EBCs) must have a Business BCeID account for eTCA access, Investee small businesses must be start-ups or emerging/expanding eligible small businesses (ESBs), New VCC investments in an ESB cease once the ESB reaches 100 employees, Investee ESBs must meet prescribed eligible activity requirements, Investments must be at risk and at arm's length, VCCs, along with related parties, must not control the ESB (own 50% or more voting shares), Equity shares held by VCCs must not carry prescribed rights and restrictions, For Business Creation Budget, EBCs must be younger than two years at the time of registration