{"id":1881,"date":"2014-09-09T00:00:00","date_gmt":"2014-09-09T00:00:00","guid":{"rendered":"http:\/\/worldscreen.com\/tvcanada\/2014\/09\/09\/cmf-bdc-capital-team-up-to-fund-tech-startups\/"},"modified":"2014-09-09T00:00:00","modified_gmt":"2014-09-09T00:00:00","slug":"cmf-bdc-capital-team-up-to-fund-tech-startups","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tvcanada\/cmf-bdc-capital-team-up-to-fund-tech-startups\/","title":{"rendered":"CMF &amp; BDC Capital Team Up to Fund Tech Startups"},"content":{"rendered":"<p>\n\tMONTREAL: Game and software startups receiving funding through the Canada Media Fund (CMF) could be eligible to receive additional capital for their projects through a new partnership between CMF and BDC Capital, a subsidiary of the Business Development Bank of Canada (BDC).<\/p>\n<p>\n\tAs part of the new collaboration, BDC Capital will support qualified companies with a convertible note worth C$150,000 ($136,325) to complement the investments already made by the CMF. That supplementary capital would be used to accelerate the commercialization of their projects and attract extra private-sector investments. The initiative is for startups whose project received or will receive CMF funding for 2013-2014 or 2014-2015.<\/p>\n<p>\n\t&ldquo;This unprecedented collaboration between the CMF and Canada&rsquo;s largest institutional venture capital investor reflects a shared commitment to support Canadian companies by providing access to greater capital and markets and by promoting the success of Canadian media innovation,&rdquo; said Valerie Creighton, the president and CEO of CMF. &ldquo;This is one more step in finding creative solutions to build support for Canada&rsquo;s innovative digital media industry.&rdquo;<\/p>\n<p>\n\t&ldquo;When considering new partners with whom to deploy the convertible note we look for innovative and unique programs that have demonstrated the ability to have a significant, positive impact in the Canadian startup ecosystem. We believe CMF meets these criteria,&rdquo; stated Dominique B&eacute;langer, the VP of strategic investments and partnerships at BDC Capital. &ldquo;We are excited to partner with CMF and look forward to helping the best innovations fulfill their greatest potential.&rdquo;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MONTREAL: Game and software startups receiving funding through the Canada Media Fund (CMF) could be eligible to receive additional capital for their projects through a new partnership between CMF and BDC Capital, a subsidiary of the Business Development Bank of Canada (BDC). As part of the new collaboration, BDC Capital will support qualified companies with &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[],"class_list":["post-1881","post","type-post","status-publish","format-standard","","category-top-stories"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CMF &amp; BDC Capital Team Up to Fund Tech Startups<\/title>\n<meta name=\"description\" content=\"CMF &amp; BDC Capital Team Up to Fund Tech Startups. MONTREAL, September 9: Game and software startups receiving funding through the Canada Media Fund (CMF) could be eligible to receive additional capital for their projects through a new partnership between CMF and BDC Capital, a subsidiary of the Business Development Bank of Canada (BDC).. Author - Joel Marino\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/worldscreen.com\/tvcanada\/cmf-bdc-capital-team-up-to-fund-tech-startups\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CMF &amp; BDC Capital Team Up to Fund Tech Startups\" \/>\n<meta property=\"og:description\" content=\"CMF &amp; BDC Capital Team Up to Fund Tech Startups. MONTREAL, September 9: Game and software startups receiving funding through the Canada Media Fund (CMF) could be eligible to receive additional capital for their projects through a new partnership between CMF and BDC Capital, a subsidiary of the Business Development Bank of Canada (BDC).. 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