Chamber antes up $1M for fund that boosts 'high potential' Calgary companies
'This is at the heart of the work that we do at the chamber,' says CEO Sandip Lalli
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."