TriColour Venture Fund
Up to $150k in Funding
TriColour Venture fund (TCVF) at Smith School of Business is Canada's first student-advised venture capital fund. Guided by experienced entrepreneurs and investors, TCVF fund allows Full Time MBA and Commerce students to gain the ultimate experiential learning opportunity through managing a multi-million dollar fund.
This academic course invests up to $150,000 into real ventures. Students meet directly with potential portfolio companies, assess the opportunities, conduct in-depth due diligence, and make recommendations to the Investment Advisory Board - a committee of seasoned entrepreneurs, angel investors, and venture capitalists.
Deals are syndicated with some of Canada's leading venture capital companies and angel investors.
The TCVF is seeded with contributions from alumni and friends of Queen's University, and all proceeds from the Fund are reinvested into maintaining and expanding the innovative educational program.
What is the process?
- Application intake for TriColour Venture Fund is from June to August.
Deadline: Sunday, August 18, 2024 – 5 pm (ET) - Initial screening uses a framework to evaluate each submission as an investment opportunity. Up to four companies will be selected for deeper analysis.
- The Due Diligence process for selected ventures is from August through December. This evaluation process involves face-to-face meetings, pitch presentations, financial modelling, research, and analysis.
- In the first week of December, the students make recommendations to the Investment Advisory Board. Successful companies will be eligible to receive up to $150,000 in funding as a co-investment with the venture's current lead investor or potential new investors.
- The Investment Advisory Board acts on the students' recommendations and engages the eligible companies in concluding due-diligence work and negotiating investment terms.
Criteria to submit
- We are looking for early stage companies (Prototype or MVP ready) or businesses seeking funding for growth
- The ideal companies would be seeking an investment round amount of up to $750K
- Important - Companies should submit:
- An Executive Summary or Investors Briefing/Memo
- 4-minute video pitch presentation (with slides)
- Detailed business pitch deck
- Ventures should already be working with, or in the process of engaging with, a lead investor who has/will support the business with more than $150K in seed funding
Ready to apply?
TriColour applications are currently closed. The application Dropbox will reopen in June 2024.
Have any questions?
If you have any questions or comments regarding TriColour Venture Fund, please get in touch with us.
Our Investment Portfolio
Therapeutic Monitoring Systems
Ottawa, Ontario - 2012Therapeutic Monitoring Systems Inc. (TMS) is developing clinical decision support software applications that provide critical care physicians and staff with remarkable insights into patient status and prognosis. Seamlessly integrating with existing monitors, our CIMVA family of software applications continuously analyze patient vital sign variability in order to detect changes in patient health status not otherwise observable using current standard-of-care monitoring in the ICU. Clinical studies to date strongly indicate that CIMVA holds the promise of significantly improving the diagnosis, prognosis and treatment of critically ill patients, enabling more timely and effective critical care decisions.
therapeuticmonitoring.comProfound Medical Inc.
Toronto, Ontario - 2011Arguably the best medical imaging tool in common use today, Magnetic Resonance Imaging (MRI) enables a clinician to “see” in detail the internal organs of a patient non-invasively. Ultrasound imaging and thermal coagulation therapy have proven utility in several medical applications. When combining the two methodologies, the opportunity exists for an optimal and vastly superior clinical outcome. PMI has developed a novel MRI-compatible ultrasound energy wand to deliver controlled thermal therapy to the regions of the prostate gland via a trans-urethral approach. The system has been extensively tested and delivered consistent and predictable proof-of-concept results in mathematical, gel, pre-clinical models.
profoundmedical.comCrowdWave Games
Ottawa, Ontario - 2011CrowdWave® engages fans interactively. Fans connect through play with each other, with the team and with sponsors. Our proprietary system of cameras, server and software captures and interprets fan movement to control branded big-screen experiences. Fans cooperate or compete, section versus section, level versus level, simply by moving their arms. Those movements control games and polls customized for teams and sponsors during breaks in the on-court, on-field or on-ice action. CrowdWave® entertains, CrowdWave® connects, CrowdWave® drives premium sponsorship revenue.
SPARQ Systems Inc.
Kingston, Ontario - 2010SPARQ Systems is an Ontario-based manufacturer of smart micro-inverters for photovoltaic (PV) power systems. A micro-inverter is a miniaturized voltage converter suitable for use with solar panels, significantly improving the overall efficiency of PV systems under normal as well as adverse conditions.
sparqsys.comVennsa Technologies, Inc.
Toronto, Ontario - 2010Vennsa Technologies is the leading supplier of automated debugging and error localization software. Leveraging over 15 years of cutting edge research and patented IP, Vennsa's technology has been validated by numerous industrial partners. Its product automates the manual tasks of debug and error localization at the register transfer level (RTL), drastically reducing the time required to locate and correct errors.
vennsa.comDatec Coating Corporation
Mississauga, Ontario - 2006Datec Coating Corporation is an innovative high tech materials science company that provides coatings and coating services for high performance coatings development, coating applications and heating solutions.
dateccoating.com