BEST FUNDS JOINS THE OETF’S QUALIFED INVESTORS LIST

Toronto, Canada – September 06 2011 – The Ontario Emerging Technologies Fund (OETF) has announced that BEST Funds – one of Canada’s leading Venture Capital firms – has been approved as a Qualified Investor.

 Established by the Province of Ontario in 2009, the OETF is a $250 million direct investment fund that co-invests in innovative, high-growth, private, Ontario companies alongside Qualified Investors. The OETF’s mandate is to respond to the challenges faced in raising capital by Ontario-based companies in the following sectors: clean technology; life sciences and advanced health technologies; and digital media, information & communications technology sectors. 

 As a Qualified Investor, BEST Funds joins the likes of the Blackberry Partners Fund, Bright Spark Ventures, The Business Development Bank of Canada and GrowthWorks among others in supporting the OETF’s initiative.

 Commenting on the approval, BEST Fund’s CEO John Richardson remarked, “We would like to thank the Ontario Emerging Technologies Fund for their recognition of BEST Funds as a Qualified Investor.  We look forward to being able to use this exciting opportunity as a platform to support our own commitment at BEST Funds to funding compelling new and innovative business opportunities that are ultimately helping shape the future of our economy, our budding industries and our environment.”

 

For more information about the Ontario Emerging Technologies Fund, please visit http://www.ocgc.gov.on.ca/site/en/funds/ontario-emerging-technologies-fund/qualified-investors/

  —ENDS—

 

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