Province and business group teams up on $4M Angel Investment Fund

 
The Province and a group of seasoned business people have teamed together in developing a new $4 million angel investment fund.
 
It's aimed at helping jump-start local businesses at a phase of their development when they need it the most, and help boost economic growth.

As part of the provincial budget tabled earlier this month, the provincial government announced $2 million towards a new Angel Investment Fund. It's matching another $2 million in private funds being raised by the group, Island Capital Partners.
 
 
Island Capital Partners will be managed by a four-member general partner team:
- Ron Keefe, the former CEO of Bio-Vectra and Diagnostic Chemicals;
- Alex MacBeath, the former CEO of Grant Thornton Canada;
- Steve Nicolle, a former CEO at several technology start-ups; and

- Paul Lypaczewski, a former executive with several software companies. 

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