Money Links

Contact: Mike Volker, Tel:604-644-1926, Email: mike(at)volker(dot)org     Last updated: Nov 2012

The color of money

Money comes in three basic colors: GREEN, GOLD and RED. Green money comes from patient, equity-oriented investors including private, institutional and even public investors. It is green because it allows companies to grow and prosper without being impeded by repayment obligations. Gold money is as good as gold. It comes from government and quasi-government organizations that are part of the infra-structure support system paid for by our tax dollars. Usually this money is in the form of grants, interest-free loans, and other forms of assistance. Red money comes from debt-oriented lenders. This includes banks, factoring houses, leasing companies, and other lenders. It is red because this is the color lenders see when the debt is not serviced -- and because you should see this as a red warning light!

Want to connect with angel investors? Check out – Canada’s oldest and largest angel group.





The following table identifies various money sources (with a Western Canadian focus) and their respective Internet web links. Links to information sites other than the Green, Gold and Red ones are at the end.


MONEY LINKS for BC technology companies








Green Money

Green is for growth

ANGEL INVESTORS (Canada) (BC) (BC) (NorthWest)

Canadian National Angel Capital Association & BC Networks

 Banyan Capital Partners



 Invests in or buys middle-market companies located primarily in western Canada and northwestern US.


 BMO Capital Corporation


 Provides individually structured short-term & long-term investments. 

 BC Advantage Funds (VCC)


 Invests in early-stage life-science, technology and clean-tech companies located in BC. Not currently making investments.

 BC Angel Forum


 Introduces emerging companies to private equity angel investors & venture capital.


 BC Discovery Fund Inc.


 A venture capital fund that invests in BC’s emerging technology industry.

 Business Development Bank of Canada (BDC)




 Provides Canadian small and medium sized businesses with flexible financing, venture capital & affordable consulting services.

 CNSX (Canadian National Stock Exchange)


 A stock exchange for trading the equity securities of emerging companies.

 Discovery Capital Corporation


 A venture capital firm whose focus is the enhancement of BC-based technology ventures, in areas of information technology, communications, health & life sciences and environmental & energy  technologies.

 Fundamental Technologies II Corp.


 An early-stage investor in technology companies in BC and Washington.



 Manages and grows venture capital funds; a main focus is growth-oriented companies involved in information technology, life sciences and advanced manufacturing.

Keirestsu Forum

 Lumira Capital

 Invests in emerging health and life science companies.

 New Ventures BC Competition

 A competition for anyone with a new technology idea, who wants to turn the idea into a profitable company; prize pool worth over $100,000. 

 OVP Venture Partners

 Invests capital in new companies in growing markets – cleantech, digital biology & information technology. 

 Pacific Century Group Ventures Ltd.

 Invests in all stages of company development; focus is oil and gas, information and other technologies.

 Pangaea Ventures Ltd.

 Invests in early-stage, clean-tech and advanced materials companies with world-class innovation.

 PenderFund Capital Management

 Invests in undervalued technology companies with the potential for significant capital appreciation.

 RBC Venture Partners


 Invests in companies developing software and technology for the financial services industry. 

 Roynat Capital  

 Provides patient financing solutions, including term debt, leasing, subordinated debt, mezzanine financing and equity, to companies with revenues between $2 million and $50 million.

 TELUS Ventures  

 Invests in the telecommunications sector, with a focus on exploiting the convergence of voice, enhanced data, digital media & wireless. 

 TMX Group (TSX Venture Exchange)  

 Provides access to capital for companies at the early stages of their growth.

 Vancouver Angel Technology Network (VANTEC)


 Introduces early stage investors and mentors to promising technology (i.e. all technology fields) ventures mainly in British Columbia.

 Ventures West

 Invests in early-stage technology companies across Canada. 

 Working Opportunity Fund (GrowthWorks)


 Invests in small and medium-sized Canadian businesses with high growth potential; covers most industries.

 WUTIF Capital (VCC) Inc.

 An “angel” fund that co-invests with angel investors in promising new technology ventures in BC.

 XITO Capital Corporation

 A venture capital firm that provides specialized investment banking services to leading private and public small capitalization companies.

 Yaletown Venture Partners  

 Invests in early-stage companies in Canada and the US Pacific Northwest; focus is cleantech and information technologies.





(Golden money)

(As good as gold!)

 BC Innovation Council

A one-stop point of access and support; focus is key areas where BC is a recognized leader, including creative industries, ocean sciences & energy, and life sciences.

 British Columbia Knowledge Development Fund

Helps public post-secondary institutions, teaching hospitals and affiliated non-profit research agencies to invest in BC’s research infrastructure; priorities are agriculture, alternative energy/power technologies, health/biotechnology, forestry, high tech, indigenous studies and ocean sciences.

 Canada Foundation for Innovation

 Funds up to 40 per cent of a project’s infrastructure costs (e.g. state-of-the-art equipment, buildings, laboratories, and databases); focus is Canadian universities, colleges, research hospitals and non-profit research institutions.


Canadian Institutes of Health Research   


Supports the work of health sciences researchers and trainees in universities, teaching hospitals and research institutes across Canada.


An advanced-network organization that facilitates the development and use of its network, as well as the advanced products, applications and services that run it.

 Export support programs

 Canadian Commercial Corporation

 Export Development Canada

CCC: gives Canadian businesses access to international opportunities

EDC: provides financing, insurance and bonding solutions to Canadian companies that export goods & services, or invest in other countries.

 Human Resources and Social Development Canada 

 Offers programs that help prepare individuals for employment-transitions.

 Industry Canada (Canada Small Business Financing Program)

Click on “By subject”; then on “Financing.”

CSBF Program encourages financial institutions to make their financing available to small businesses by reimbursing 85% of lender’s losses in event of default 

 National Research Council’s IRAP Program (BC & Yukon)

 Helps small and medium-sized Canadian firms build their capability in technology and innovation; offers technical assistance, access to the latest technological advances, expertise, facilities and resources, as well as cost-shared financing of innovative technical projects.

 Natural Sciences Engineering Research Council (NSERC)

 Helps Canadian companies by jointly funding collaborative R&D projects with university scientists and engineers, as well as by supporting the training of scientists and engineers.

 Precarn Incorporated

 Funds and coordinates collaborative research conducted by industry, university and government researchers.

 Scientific Research & Experimental Development (SR & ED) Tax Incentive Program

(Click on “A to Z index”; then choose letter “S” in “Topics for Business” box.)

A federal tax incentive program to encourage Canadian businesses of all sizes and in all sectors to conduct research and development (R&D) in Canada.

 Western Economic Diversification

 Helps small businesses acquire the information, training, business advisory services & capital they need to succeed.





 (Red Money)

 (Red helps – in moderation!)

 Customers & suppliers


These are among the best and easiest financing options. Getting supplier credit and up-front advances from customers can go a long way in addressing cash flow needs. Don’t be shy. Ask!

 Bank of Montreal


 For business accounts, loans and other types of assistance.

 Bond Capital

 Provides mezzanine debt and equity to small and medium-sized  enterprises in Western Canada and the USA.

 Business Development Bank

 Provides small and medium-sized enterprises with financing, venture capital, and consulting services.

 Canadian Youth Business Foundation


 Provides start-up mentoring, financing and business resources to young Canadians (18 to 34 years old) who want to create their own successful businesses.


 Offers financial products and services for both start-up and established businesses.

 Export Development Canada

 Provides Canadian exporters with financing, insurance and bonding services, as well as foreign market expertise.

 The Interface Financial Group

 Provides affordable funding for small business through a version of factoring known as "invoice discounting."

 Northstar Trade Finance Inc.

 Supports Canadian exporters by offering financing to credit-worthy buyers of eligible Canadian goods and services.

 Pyx Financial Group Inc.

 Provides funds and manages accounts receivables for companies in Canada and the US. 

 Royal Bank of Canada

 Offers numerous services and financing options to businesses.

 Roynat Capital

 A source of term debt, leasing, subordinated debt and other financial solutions for firms with revenues between $2 million and $50 million.

 Tallinn Capital Corp. (formerly North Point Capital Corp.)

 Provides equity, convertible debt and subordinated debt to established mid-market operating companies.

 TD Bank Financial Group

 Offers a full range of financial products and services.

 Vancity Capital

 Provides growth capital to fast-growing small-to-medium-sized organizations based in BC.

 Western Economic Diversification  Canada


 Supports the creation and growth of knowledge-based clusters (life-sciences, information & communication technology, and other technologies); collaborates with other levels of government and organizations to support entrepreneurship.

 Women’s Enterprise Centre 


 Helps women start and grow businesses in BC; provides essential business services, resources, and referrals to other business service-providers.  







 AlbertaVenture magazine

 Web site is a good source of up-too-date information on Alberta industries; contains industry reports, information on events, new trends, success strategies, etc.  


 Site devoted to the development of best practices for angel investors and entrepreneurs, so their interactions can be profitable, fair and enjoyable.

 BC Ministry of Small Business, Technology and Economic Development

 For information, reports and web links relating to activities undertaken on behalf of BC businesses.

 Canada’s Venture Capital & Private Equity Association (CVCA)

 Represents most of Canada's private equity companies; members provide venture capital, buyout and/or mezzanine investment.

 Canadian Financing Forum

 Matches North American corporate and VC investors with serious entrepreneurs looking to build world-class technology companies.

 Community of Science (COS)

 Provides information critical to scientific research and other projects across all disciplines – e.g. funding sources, research activities, publications, patents, new positions, etc.  

 eBusiness Connection (eBC)

 Offers e-business information and services to help BC businesses remain competitive in an online market.

 High Technology in British Columbia

 A gateway to web sites that provide support, information, advice and other assistance to BC investors, entrepreneurs, technology-based companies and science, technology and engineering students.

 Industry Canada

 A source of business support services, re financing, innovation, research, science & technology, intellectual property, trade, investment, economic and market research/statistics, etc.

 National Angel Capital Organization (NACO)

 Industry association for Angels; dedicated to promoting best practices and connectivity in relation to innovation and early-stage capital formation in Canada.

 National Venture Capital Association (USA)

 A trade association that represents the US venture capital industry; also of some interest to Canadians. 

 New Ventures BC Competition

 A competition for anyone with a new technology idea, who wants to turn the idea into a profitable company; prize pool worth over $100,000.

 Simon Fraser University (University/Industry Liaison Office)

 Facilitates the creation of university-industry R&D partnerships and the commercialization of SFU-based research results.

 Small Business BC

 Connects small companies and entrepreneurs to BC business resources and websites

 Stock exchanges

 TSX Group (Toronto) –


 OTC Bulletin Board –

 Stock exchanges allow the public to invest in companies; listing rules and criteria vary; best to find a “sponsoring” broker or underwriter.

 Thomson Financial

 An information source on Canadian venture capital and private equity markets.



 Provides information and business services to technology companies, industry suppliers and individuals in the BC technology industry, which helps them achieve their full potential.

 University of British Columbia

(University-Industry Liaison Office)

 Facilitates the exchange of knowledge between UBC, its affiliated hospitals, industry and the wider community.

 Vancouver Enterprise Forum (VEF) 

 A networking forum for technology entrepreneurs.




Did we leave you out?    No matter what color your money is, you should be on the list. To get added, send an email (see below). 

Copyright 1997 - 2008 by Michael C. Volker
Email: - Comments and suggestions will be appreciated!

Last updated: May 2009