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Record updated:
Venture Capital Corporation
Equity investments for BC businesses
Deadline
Open continuously
Location
British Columbia, Canada
Overview
Individuals and corporate investors can receive a 30% tax credit when they invest in a registered British Columbia venture capital corporation. The program supports equity capital raising and investments in eligible small businesses through the Venture Capital Tax Credit Program.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Reduce environmental footprint
Eligible Funding
- Varies by project
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- British Columbia
Legal structures
- For-profit business
Annual revenue
- $ 10,000,000 maximum revenue
Organisation size
- All organization sizes
Audience
- Startups
Next Steps
1
Determine your project
Availability timeline
2026
Periods: 1
Activities funded
- Raising equity capital through a venture capital corporation.
- Investing in eligible small businesses.
- Registering a VCC or requesting additional equity authorization.
- Reporting eligible investments and annual returns to the program.
Documents Needed
- VCC Name Consent form
- Registration Application
- Additional Equity Application
- Annual Return
- Share Purchase Report
Sources and recorded changes
- Record updated
A captured source change or record update does not confirm eligibility. Check the funder’s current rules before applying.
Application form
Eligibility
Who is eligible?
- British Columbia venture capital corporations.
- Newly incorporated B.C. companies registered under the Act.
- VCCs investing in eligible small businesses.
Eligible expenses
The Venture Capital Program focuses on investing in start-ups, and emerging and expanding eligible small businesses. It is designed to encourage economic growth by financing innovative and high-potential business ventures.
- Investment in start-ups with high growth potential in British Columbia.
- Funding for emerging small businesses seeking to expand operations.
- Support for innovative business models and technologies within eligible sectors.
- Providing capital for businesses poised for economic impact and job creation.
- Facilitating partnerships between venture capitalists and entrepreneurial ventures.
Ineligible Costs and Activities
- Activities or proceeds used for lending.
- Investment outside British Columbia.
- Purchases of land, unless incidental or ancillary to the eligible business activities.
- Payment of debt, dividends, or share buybacks in prohibited circumstances.
- Transactions involving control of the small business by the VCC and related parties.
Eligible geographic areas
- British Columbia
How to apply
- Step 1: Prepare registration documents
- Complete the VCC Name Consent form.
- Complete the Registration Application and required attachments.
- Step 2: Submit the application
- Submit online through the electronic Tax Credit Application (eTCA) system when available.
- Alternatively, email the completed forms to your Portfolio Manager or to InvestmentCapital@gov.bc.ca.
- Step 3: Request additional equity authorization if needed
- Complete the Additional Equity Application.
- Submit it through eTCA or by email to the program.
- Step 4: File ongoing reports
- Submit the Annual Return with the financial statements and central securities register.
- Complete and retain Share Purchase Reports for eligible investments.
Processing and Agreement
- Applications are reviewed by the Venture Capital Tax Credit Program.
- The program may request additional information or clarification.
- Approval is not guaranteed.
- Tax credits are issued only when the VCC is in compliance with the Act and Regulation.
- Annual returns and investments are reviewed to confirm ongoing compliance.
Contacts
Frequently Asked Questions about the Venture Capital Corporation Program
What is the Venture Capital Corporation?
Individuals and corporate investors can receive a 30% tax credit when they invest in a registered British Columbia venture capital corporation. The program supports equity capital raising and investments in eligible small businesses through the Venture Capital Tax Credit Program.
What is the deadline to apply?
The program is accepting continuous intake
Who is eligible for the Venture Capital Corporation program?
To be eligible for the Venture Capital Corporation program, you must:
Newly incorporated in B.C.
Registered under the Act
Sole purpose: investing in eligible small businesses
What expenses are eligible under Venture Capital Corporation?
The Venture Capital Program focuses on investing in start-ups, and emerging and expanding eligible small businesses. It is designed to encourage economic growth by financing innovative and high-potential business ventures.
Investment in start-ups with high growth potential in British Columbia.
Funding for emerging small businesses seeking to expand operations.
Support for innovative business models and technologies within eligible sectors.
Providing capital for businesses poised for economic impact and job creation.
Facilitating partnerships between venture capitalists and entrepreneurial ventures.
Who can I contact for more information about the Venture Capital Corporation?
You can contact Government of British Columbia (BC) by email at investmentcapital@gov.bc.ca or by phone at 250-952-0136.
Where is the Venture Capital Corporation available?
The Venture Capital Corporation program is available the province of British Columbia.
Is the Venture Capital Corporation a grant, loan, or tax credit?
Venture Capital Corporation is a Tax Credits