By now you've heard that our 2007 BC Wireless Industry Survey uncovered the need of BC's mobile companies to find $133M in financing over the next two years to fund growth and expand their markets. Where will that money come from? That was the main subject of the WINBC MoMoVan at the downtown offices of Fasken Martineau, March 3, 2008 .
The panelists were:
Steve Hnatiuk, from Yaletown Venture Partners. Yaletown is backed by major institutional investors in Canada and the US and invests the majority of its capital in early-stage technology companies in BC. They typically invest up to $2 million in the first round in any start-up they back and up to $6M in a company across multiple rounds. Every year Yaletown sees about 300 new companies seeking funding and invests in 3 or 4.
Jenny Yang, from the Business Development Bank of Canada, a crown corporation with $500 million to invest in early stage companies, especially ones in life sciences, advanced technology, telecommunications and IT.
Earl Hong Tai, from Telefilm Canada's New Media Fund for early stage start-ups.
Riz Kheraj, from NRC/IRAP, which helps small and medium tech companies by providing financial and other support. They have $13 million in R&D funds available to BC technology companies.
Michael Bidu, Executive Director of WINBC, moderator
Listen to the audio here (Right click to download).