Accelerate Fund

The Accelerate Fund provides an alternate source of financing to Alberta startups that aren’t yet venture capital ready. The fund helps to foster the growth of Alberta’s technology sector and diversify the province’s economy. Capital for Accelerate Fund comes from Alberta Enterprise Corporation, an organization that works on behalf of the Government of Alberta to invest in venture capital funds to support the growth of early-stage technology companies.

In 2012, Accelerate Fund I was launched with a $10-million capital allocation from Alberta Enterprise Corporation. The first fund was managed by AVAC Group.

In 2016, a second $10 million capital allocation from founding limited partner Alberta Enterprise Corporation created Accelerate Fund II. Fund II was managed by Yaletown Partners supported by The A100.

In 2020, a third Accelerate Fund III was created, first with another $10 million capital allocation from Alberta Enterprise Corporation, then topped up with an additional $5 million to bringing Alberta Enterprise’s investment in the fund to $15 million. Then in November 2021, the Opportunity Investment Calgary Fund (OCIF) invested an additional $6 million, bringing the total fund to $23 million. Yaletown Partners continues to manage Fund III with the support of The A100.