Venture Ontario undertook a new approach to make equity investments in clean technologies with the intent of establishing one or more limited partnerships in which Venture Ontario would participate on the same terms as the other limited partners.

With a prospective anchor commitment of up to $55 million, Venture Ontario issued a call for expressions of interest from qualified managers to establish a new cleantech venture capital fund or from those managers that have an existing fund which has commenced fundraising but has not yet achieved a final close.

The fund(s) would primarily focus on investing capital to high potential, innovative Ontario-based cleantech companies. It is anticipated that Venture Ontario's prospective investment commitment would leverage significant additional capital commitments from other investors.

Funds selected through the Cleantech Equity Fund Initiative

Yaletown Innovation Growth L.P.