BC Discovery Fund - About the Fund

BC Discovery Fund


About Us

 

BC Discovery Fund was formed in 2002 to make diverse investments in eligible small businesses under the venture capital program initiated by the government of British Columbia. As at April 30, 2016, the Fund held investments in eight portfolio companies operating in the areas of mobile, information and clean technology.

In March 2015, the Fund discontinued the sale of shares to new investors. The Fund is focussing on the management of its existing investments, the deployment of investment capital on hand into new or follow-on investments, and maximizing value from investment realizations for the benefit of existing shareholders.

BC Discovery Fund is managed by Discovery Capital Management Corp. of Vancouver, B.C., an experienced technology venture capital manager in British Columbia. Some notable companies that Discovery Capital has invested in through its previous funds include: Sierra Wireless, ALI Technologies (acquired by McKesson), TIR Systems (acquired by Philips Electronics) and former BC Discovery Fund investee company, In Motion Technology (acquired by Sierra Wireless in 2014).

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