Calgary

Chamber antes up $1M for fund that boosts 'high potential' Calgary companies

The Calgary Chamber of Commerce is chipping in $1 million toward a private capital fund that’s designed to help “high potential” local companies grow.

'This is at the heart of the work that we do at the chamber,' says CEO Sandip Lalli

Sandip Lalli, president and CEO of the Calgary Chamber of Commerce, says the contribution to the InterGen fund is about investing in Calgary entrepreneurship. (Rachel Ward/CBC)

The Calgary Chamber of Commerce is chipping in $1 million toward a private capital fund that's designed to help "high potential" local companies grow.

The investment in InterGen Capital is all about the chamber's commitment to helping entrepreneurs in Calgary thrive, says president and CEO Sandip Lalli.

"When businesses flourish, so do the families and communities they serve and employ," she said.

"This is at the heart of the work that we do at the chamber. We are proud to be contributing to the InterGen fund and doing our part to grow Calgary's economy."

Lalli says this is the first time the chamber has made an investment of this kind in its 128-year history. The chamber will also take a seat on the board of InterGen Capital as a senior advisor.

InterGen Capital describes itself as a private "ScaleUp fund whose founding funders are some of Calgary's prominent families and engaged corporations and institutions wanting to redesign, re-energize and reinvent the Calgary economy."

InterGen managing director Sandi Gilbert says it wants to leverage the talent and expertise in Calgary to build the companies that will define the next two decades.

"The fund is a vital part of InterGen's commitment to accelerate the growth and scale of high-potential Calgary companies by pairing them with talented retired and transitioning business talent committed to our province's future," said Brian Felesky, InterGen board chair.

"We match them through our InterGen Connect technology platform and support them with educational offerings, training and roundtables featuring entrepreneurs, investors and industry experts." 

Comments

To encourage thoughtful and respectful conversations, first and last names will appear with each submission to CBC/Radio-Canada's online communities (except in children and youth-oriented communities). Pseudonyms will no longer be permitted.

By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. Please note that CBC does not endorse the opinions expressed in comments. Comments on this story are moderated according to our Submission Guidelines. Comments are welcome while open. We reserve the right to close comments at any time.

now