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Working Opportunity Fund (EVCC) Ltd. was a labor-sponsored venture capital fund, providing patient, long-term capital to British Columbia's technology entrepreneurs. It offered investments via a Commercialization Series for mid to later-stage R&D firms with a dividend structure, and a Venture Series for diversified portfolio exposure. This dual approach strategically supported the provincial tech sector.
Established in 1993, the fund originated from the insight that a provincially-backed investment vehicle could channel local capital into the technology ecosystem. Its creation, a collaborative effort by government and labor, aimed to stimulate economic growth and offer tax-advantaged investment for British Columbians, reflecting a strong provincial commitment to innovation.
The fund served British Columbia's technology entrepreneurs, supplying vital growth capital, and individual working British Columbians seeking direct local economic investment. Its vision focused on continually fueling the provincial technology industry, fostering job creation and diversification for regional prosperity.
Working Opportunity Fund has 1 tracked investment across 1 company. The latest tracked deal is $18.4M Series A in MSI Methylation Sciences in September 2011.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Sep 29, 2011 | MSI Methylation Sciences | $18.4M Series A | Gunnar Weikert | BC Advantage Funds |