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Advantage is a Venture Capital Corporation (VCC) registered under the Small Business Venture Capital Act of BC (the “Act”). The Act was established to encourage equity investment in eligible small businesses in British Columbia by providing a 30% refundable tax credit to investors who purchase shares in registered VCCs such as Advantage. Advantage then uses the capital raised to make equity investments in companies that qualify as an “eligible small business” under the Act. These companies must:
- together with their affiliates, have no more than 100 employees;
- pay at least 75% of the wages and salaries to employees who regularly report to work in BC; and
- be substantially engaged in a qualifying activity.
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The website of the BC Ministry of Economic Development provides more information on Venture Capital Corporations and the requirements of eligible investments.
In addition to the investment criteria prescribed by the Act, Advantage seeks to invest in companies that have:
- proprietary products or services that create competitive advantage and effective barriers to entry;
- a unique value proposition that addresses a substantial un-met need in the market place;
- a rapid, scalable growth opportunity;
- highly motivated and capable management; and
- clear exit opportunities in the future either via sale to strategic buyers, acquisitions by private equity groups, initial public offerings or redemptions.
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We will participate in seed, angel and venture capital financing rounds of private companies and will invest in early stage public companies. If you have an investment opportunity that fits with the above criteria, please contact one of our fund managers or submit an executive summary or business plan to info@bcadvantagefunds.com.
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