Through the course of its regular business, MAVAN Capital Partners regularly meets with early stage technology companies resident in British Columbia.

These companies have a commonality in that they are all early stage entities requiring capital for growth as well as requiring business advice on how to move forward toward profitability. It is for this reason that MAVAN has formed the MAVAN Backyard Venture Fund (VCC). The Fund’s focus will be to make investments in technology companies that are eligible investments under the Small Business Capital Venture Act (SBVC Act) in British Columbia.

How does the Venture Capital Corporation (VCC) Program Work?

Venture Capital Programs encourage investors to make equity capital investments in British Columbia small businesses that will enhance and diversify the provincial economy. 

A Venture Capital Corporation (VCC) is formed for the sole purpose of investing in start-ups and emerging and expanding eligible small businesses. VCCs are usually managed by venture capitalists or angel investors who provide small businesses with the benefit of their expertise, experience, and business knowledge.

  • B.C.-based businesses must apply to be registered as a VCC
  • VCCs must be authorized to raise investment capital in the program
  • VCCs claim tax credits on behalf of their B.C. investors; shares must be held for 5 years
  • B.C.-based Individual and corporate investors receive a 30% tax credit from the BC Government
  • Individual investors are entitled to a 30% refundable tax credit, up to an annual maximum tax credit of $60,000
  • Individual investors may invest up to $200,000 per year (unlimited for corporations)
  • Tax credits for individuals are refundable
  • Investors may carry forward unused tax credits for subsequent years
  • Individual investors who invest in the first 60 days of a calendar year can elect to apply their tax credits to the previous calendar year's tax return.

What is an Eligible Investment for The MAVAN Capital Backyard Venture Fund VCC?

  • Business that is incorporated and registered to operate in B.C.
  • Business that has a permanent place of business in B.C.
  • Business that pays at least 75% of its annual wages & salaries to B.C. employees
  • Business that is "substantially engaged" in one or more of the qualifying activities (Manufacturing and Processing of Goods; Research and Development of Proprietary Technology; Destination Tourism; Development of Interactive Digital Media Products; Development of Clean Energy)

VCC Investment Details

VCC #1

  • Term - 5 Year Closed Ended Fund
  • Structure - Venture Capital Corporation (VCC)
  • Offering Size - $2,000,000.00
  • Minimum Investment - $10,000.00
  • Priority Return - 7% Annualized
  • Profit Participation - 75% / 25% (Split in favour of the investor over 5% Priority)
  • Registered Plans - RRSP, RESP, RRIF, LIRA and TFSA eligible
  • Management Fee - 2% Annual
  • Commission - Up to 10% Commission will be paid

VCC #2

  • Term - 5 Year Closed Ended Fund
  • Structure - Venture Capital Corporation (VCC)
  • Offering Size - $5,000,000.00
  • Minimum Investment - $10,000.00
  • Priority Return - 5% Annualized
  • Profit Participation - 70% / 30% (Split in favour of the investor over 5% Priority)
  • Registered Plans - RRSP, RESP, RRIF, LIRA and TFSA eligible
  • Management Fee - 2% Annual
  • Commission - Up to 10% Commission will be paid

Discuss investments
with MAVAN

We are a diverse team of successful business, finance, and legal professionals with extensive private and public company management experience across many industries. We have built strong relationships which provides access to opportunities not commonly available to most investors.

Contact MAVAN Today