Canadian Early-Stage Fund with Investment Decisions in 48hrs
mla48.com
mla48.com
Another issue was the Canadian VCs being followers. It was funny when I was raising money in Canada. A few Canadian VCs I talked didn't return calls until I sent them email mentioning that I am visiting U.S. VCs tomorrow. The C. VCs called me at 11pm few minutes after I sent emails. I came back to U.S. by end of 2005.
It is most probably handout by politicians to their favorites. I had some interesting experiences trying to get govt funding too in Canada.
Edit: also see [2]
[1] http://betakit.com/orchard-labs-receives-500000-from-the-mla...
[2] https://mapleleafangels.com/blog/2015/6/10/mla48-angel-inves...
Or is it simply not worth looking for outside investors and instead should I just bother family and friends and whatnot?
"$110k through investment and government grants
in exchange for an equity stake"
http://www.mla48.com/take-action/
For how much equity?(This is something that's been discussed more than once here, I'm putting it out there as a comparison, not an answer.)
The site's pretty light on info as well. I guess they want people to contact them.