The Sudbury Catalyst Fund (SCF) is a unique $5 million venture capital fund administered by the Nickel Basin Federal Development Corporation in collaboration with the City of Greater Sudbury, FedNor, and NORCAT.
Established with the goal to accelerate the growth of scalable tech start-ups, the SCF brings together a variety of partners and angel investors eager to build Northern Ontario’s entrepreneurial ecosystem by investing in and supporting a diversified portfolio of high-growth companies.
The Sudbury Catalyst Fund will co-invest in early-stage tech companies across multiple sectors including, but not limited to, mining, construction, forestry, medtech, software, and advanced manufacturing.
To qualify for consideration by the SCF Investment Committee, interested companies must have qualified investment interest from angel investors. The Sudbury Catalyst Fund will invest in two to three ventures per year, co-investing up to a maximum of $250,000 on a 1:1 matching basis.
Candidates must have a commitment to operate the majority of the company’s operations in the City of Greater Sudbury.
The primary focus will be investing in high potential ventures that have both cumulative revenues and capital raised equating to less than $1M since company inception.
The NORCAT Innovation Mentors are the front line of the Sudbury Catalyst Fund process and put the NORCAT “stamp of approval” on eligible investment candidates. As part of the existing process with NORCAT Innovation, mentors work hands-on with each investment candidate to ensure they meet the required eligibility and are worthy of consideration for investment.
The Sudbury Catalyst Fund Investment Committee is comprised of angel investors, venture capitalists, community business leaders and/or entrepreneurs from diverse sectors and backgrounds who have the experiences, credentials and/or insights to invest in early stage technology companies.
The Sudbury Catalyst Fund is co-managed by NORCAT CEO Don Duval and Nickel Basin Federal Development Corporation Executive Director Rainer Paull. The Investment Committee is chaired by Don Duval.
To begin the process of applying for the Sudbury Catalyst Fund, potential fund investment candidates must first: