UBC, InBC partner to create venture fund

University of British Columbia and InBC Investment Corp have partnered to create the UBC Catalyst Ventures Fund, which will be used to accelerate and scale up innovative companies. As co-lead investors, UBC and InBC have each invested $10M, with the plan of securing additional investment from private investors to increase the investible capital to a total of $40M. “This partnership will enable companies to scale in B.C. and extend the impact of UBC’s research and innovation,” said UBC President Benoit-Antoine Bacon. “It is a perfect example of what we can do by working together.”