BRITISH COLUMBIA DISCOVERY FUND
British Columbia Discovery Fund (VCC) Inc. ("BC Discovery Fund," "BCDF" or the "Fund") is a diversified venture capital investment fund which allows investors to participate in the emerging technology industry in British Columbia. The Fund issues its shares under the Venture Capital Corporation (VCC) program, a BC government initiative to promote economic diversification and investment in small businesses, including technology ventures. In addition to enabling participation in innovative, local ... companies, BC Discovery Fund provides retail investors access to private venture capital investment opportunities, which are often only accessible to institutional shareholders and "angel" investors. Eligible individual investors in the Fund receive a tax credit equal to 30% of the amount invested, to a maximum of a $60,000 tax credit per annum. The tax credit on investments into the Fund during the first 60 days of the year can be carried back and applied against the prior year's taxes payable. To the extent that the amount of the tax credit exceeds an individual's British Columbia taxes otherwise payable, the individual is entitled to a refund of the difference. Shares in the Fund are eligible for RRSPs, RRIFs and RESPs. The tax credit is also available to B.C. corporations to reduce B.C. taxes payable.
BRITISH COLUMBIA DISCOVERY FUND
Social Links:
Founded:
2002-01-01
Status:
Active
Email Addresses:
[email protected]
Technology used in webpage:
Register.com DNS Network Solutions Sun ONE Web Server Sun ONE Web Server V6.1
Current Advisors List
Current Employees Featured
Investments List
Date | Company | Article | Money raised |
---|---|---|---|
2017-03-30 | Fathom Systems | British Columbia Discovery Fund investment in Venture Round - Fathom Systems | N/A |
2015-08-11 | PHEMI | British Columbia Discovery Fund investment in Series A - PHEMI | 12.2 M CAD |
2012-10-04 | D-Wave Systems | British Columbia Discovery Fund investment in Venture Round - D-Wave Systems | 30 M USD |
2010-01-01 | Gatekeeper Systems Inc | British Columbia Discovery Fund investment in Venture Round - Gatekeeper Systems Inc | 2 M CAD |
2008-12-16 | Rx Networks | British Columbia Discovery Fund investment in Series A - Rx Networks | 1.85 M CAD |
2008-07-24 | MovieSet | British Columbia Discovery Fund investment in Series A - MovieSet | 5 M USD |
2008-06-27 | Avigilon Corporation | British Columbia Discovery Fund investment in Venture Round - Avigilon Corporation | 7.5 M USD |
2007-01-22 | Mobidia Technology | British Columbia Discovery Fund investment in Series A - Mobidia Technology | 3.75 M CAD |
2005-12-08 | Tantalus Systems | British Columbia Discovery Fund investment in Venture Round - Tantalus Systems | 8.12 M USD |
2004-12-08 | Inimex Pharmaceuticals | British Columbia Discovery Fund investment in Series A - Inimex Pharmaceuticals | 2 M CAD |