Today, NACO announces the establishment of the first ever Canada Zone, a pan-regional digital hub for investors and high potential entrepreneurs. NACO’s state-of-the-art Canada Zone will initially be a custom built space within Calgary’s Platform Innovation Centre that leverages digital infrastructure to facilitate inter-provincial investment and deal syndication.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210330005440/en/
Left to Right: Terry Rock, President and CEO of Platform Calgary and Claudio Rojas, CEO of National Angel Capital Organization (Photo: Business Wire)
NACO will leverage its expanding national footprint to build a constellation of digital-first environments, which will open up new pathways to capital for entrepreneurs in investment-constrained regions and industries. Working with Platform Calgary and local partners, NACO will establish a direct digital connection between Canada Zone hubs across the country.
“NACO is thrilled to launch its first Canada Zone in partnership with Platform Calgary to attract new pools of capital into the region,” says Claudio Rojas, CEO of NACO. “This will ensure that high potential entrepreneurs in Calgary have instant access to a national network of investors.”
NACO’s recent 10th Annual Report on Angel Activity reveals an uneven distribution of angel investment activity across the country, with Western Canada accounting for 13% of national angel investment activity. Inter-provincial investments have also increased to 30% of total investments, and with the deep pools of capital that exist in Western Canada, it is critical to tap into this potential to ensure that Canadian entrepreneurs are well supported with the capital and mentorship they need to scale and drive our economic recovery.
“The digital infrastructure NACO has created over these past 12 months will amplify national deal syndication,” said Sandi Gilbert, Past Chair at NACO based in Alberta. “This will support both entrepreneurs and local investors, which is key to leveraging NACO’s national reach to ramp up investment within Alberta and across Western Canada.”
Through this partnership and the launch of the new Canada Zone, NACO will work in partnership with Platform Calgary and local organizations, stewarding the investor experience at the Platform Innovation Centre. NACO will leverage its network, membership and expertise to provide a concierge-style experience and valuable training and networking for established and emerging investors and industry partners, driving impact for entrepreneurs and supporting business growth.
“NACO is uniquely positioned to support Platform Calgary’s vision to attract and mobilize deep pools of capital to accelerate the growth of Calgary’s innovation economy,” said Terry Rock, President and CEO of Platform Calgary. “NACO’s Canada Zone is an exciting hub within the Platform Innovation Centre, Calgary’s new home for innovators. In the Canada Zone, Alberta-based entrepreneurs will have instant access to NACO’s national network, which spans the entire startup, scale-up, and growth funding continuum.”
Canada Zone is part of NACO’s recently announced Pathways initiative to address critical gaps in the investment landscape with particular emphasis on opening up new pathways to capital for Canada’s entrepreneurs.
For more information about NACO, please visit www.builtbyangels.com.
National Angel Capital Organization (NACO) members have invested over $1 billion into more than 1,500 Canadian companies. Established in 1998, NACO pioneered the “access to capital” movement and led the formation of angel groups in Canada. As the only national platform for both angel investors and the innovation hubs that support Canada’s entrepreneurs, its national network includes 4,200 angel investors, 45 incubators and accelerators, and 44 angel groups. www.builtbyangels.com.
About Platform Calgary and The Platform Innovation Centre
Platform Calgary brings together the resources of Calgary’s tech ecosystem to help startups launch and grow. Through collaboration with over 50 partners and targeted programming, we are a hub and engine for technology-focused economic diversification and job creation.
In the fall of 2021, Platform Calgary will open the doors to Calgary’s home for innovators — the Platform Innovation Centre — located downtown in the heart of the East Village neighbourhood. When a tech innovator walks through the door of the Platform Innovation Centre, they will have access to everything they need to achieve success including a connected community of like-minded entrepreneurs, investors and innovators.