What BDC is doing to support start-ups impacted by COVID-19

BDC Capital, BDC’s investment arm, has launched the BDC Capital Bridge Financing Program where we may match, with a convertible note, a current financing round being raised through qualified existing and/or new investors made into eligible Canadian start-ups. To be eligible, companies must be Canadian, backed by a qualified venture capital firm, have raised at least $500,000 in external capital before applying for the program, and be specifically impacted by Covid-19. Any matching investment by BDC Capital will be further subject, notably, to satisfactory due diligence review by BDC, agreement on terms of the investment and approval by a BDC investment committee.

The program is ideal for high potential companies who have venture capital investor syndicates that are willing to support them. BDC will invest alongside these groups.

This is not limited to BDC’s portfolio. All companies that meet the criteria are eligible to apply. Interested companies should speak to their lead investor for details.