Bioindustrial Innovation Canada and GreenSky Capital Inc., have signed a Memorandum of Understanding (MOU) to facilitate cooperation between the two organizations.
GreenSky Capital Inc. is an award-winning Toronto-based firm that provides merchant bank and corporate financial advisory services to small and medium sized technology firms within the IT, cleantech and medtech sectors. GreenSky looks for long-term partnerships with high-growth potential companies and dedicated entrepreneurs. GreenSky principals bring a unique combination of experience in technology, law and finance into a real-world context. GreenSky Capital makes investments in early-stage Canadian technology companies through its affiliated venture capital funds, GreenSky Accelerator Fund I, LP and GreenSky Accelerator Fund II, LP.
BIC and GSC have agreed to work together to exchange information, to establish business relations between their networks, and to develop research and development, demonstration projects, and commercialization for companies that provide clean, green and sustainable technologies.
Relationships with and between industrial, academic or governmental organizations will be established in order to initiate projects in research and development, demonstration and/or commercial partnering. BIC and GSC will jointly support the initiation of these projects and following due diligence may invest in companies on a collaborative or separate and individual basis.