Top 4 Curated Venture Capital Weekly Update💰

🗒️ Venture Capital Funding for Start-ups and Emerging Companies

Macmillan: In May 2022, the Government of Canada launched a request-for-proposal for the renewed Venture Capital Catalyst Initiative (VCCI), which would provide access to up to $450 million in funds to the venture capital (VC) sector.[1] These investments are intended to support Canadian entrepreneurs in their efforts to start and grow new businesses, and to build on the momentum of the Government’s previous VC programs, namely, the Venture Capital Action Plan and the original VCCI.

How much funding is available?

The renewed VCCI includes targeted funding for those in the life sciences sector and for underrepresented Canadian entrepreneurs. The Government has introduced three new streams under the VCCI to allocate the $450 million in funds:

1. $350 million dedicated to funds-of-funds;
2. $50 million dedicated to support VC investments in life science technologies; and
3. $50 million (split into two application rounds of $25 million each) for the inclusive growth stream, dedicated to support VC access to underrepresented groups, such as women and racialized communities.[2]

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🗒️ Big crypto companies invest in small ones. What happens in a crisis?

Protocol: The crypto industry has seen crypto winters before. The price of bitcoin falls, investors pull back as they retreat from losses and startups go lean (or go under) as they try to survive. A major difference with this crypto winter emerging in 2022 is that the companies feeling the frost are also the ones doing the investing.

The last few years saw crypto companies play an active part in the crypto investing explosion. FTX Ventures put aside a $2 billion fund, and Binance raised $500 million to back the next wave of blockchain startups. The challenge now is that, as many companies cut their staff and trim costs, crypto corporate venture capital will have to balance taking advantage of opportunities in a crisis while navigating the pressure to conserve cash. Investors that touted the upside of access to a corporate balance sheet are now feeling the downside pinch.

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🗒️ Fighting startup failure: Innovate Carolina rolls out a venture studio approach

WARL Tech Wire: CHAPEL HILL – With 563 active startups launched by its faculty, staff and students currently creating social good and economic impact, the University of North Carolina at Chapel Hill exemplifies the national trend: universities are becoming increasingly adept at spinning out startup companies. In turn, a growing number of success stories about university-based ventures dot the headlines. But, despite the numerous examples of ventures that find traction in taking campus-born ideas and research to market, the overall failure rate of startups in the wider world still lingers around 90 percent, with research showing that 21 percent fail in the first year and 70 percent by year ten.

Enter the venture studio approach.

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🗒️ Family Office Association - Global Blockchain Funding Trends - Los Angeles, CA - Wed, June 29th @ 11:30 am

Family Office Association: Join us for a Private Salon in Los Angeles on Wednesday, June 29, 2022 at 11:30 AM with speaker Barbara Bickham Founder & Managing Director of Trailyn VC.

Global Blockchain Funding Trends – Barbara Bickham will discuss the rapidly changing Blockchain space. It is still hard to understand the technology. During this session, she will introduce you to blockchains, practical use cases, and global funding trends.
• BLOCKCHAIN 101 - What is a Blockchain?
• BLOCKCHAINS CREATE ECONOMY - How blockchains work similarly to current economies.
• PRACTICAL USE CASES - What are some real-world use cases that are being used now?
• FUNDING TRENDS - Latest Blockchain Funding Trends

If you are a single-family office, family office executive, investor, FOA Member, and Resource Council member, this event is for you.

To RSVP, email Kathleen Tepley at kathleen@familyofficeassociation.com.