Tri-Colour Venture Fund
- Kingston, Ontario, Canada
Tri-Colour Venture Fund Employees
Tri-Colour Venture Fund Details
TriColour Venture fund (TCVF) at Smith School of Business is Canada's first student-advised venture capital fund. This VC fund allows Queen's Full Time MBA and Commerce students to gain the ultimate experiential learning opportunity through managing a multi-million dollar fund.This is about putting real money into real businesses. Students meet directly with potential portfolio companies, assess the opportunities, and conduct in-depth due diligence and make recommendations to the Investment Advisory Board - a committee of seasoned entrepreneurs, angel investors, and venture capitalists.Deals are syndicated in conjunction with some of Canada's leading venture capital companies and angel investors. The TCVF is seeded with contributions from alumni and friends of Queen's University, and all proceeds from the Fund are reinvested into maintaining and expanding the innovative educational program.The ProcessThe students perform an initial screening using a framework designed to evaluate each submission as an investment opportunity. The students investigate the idea or technologies involved, the management team behind each submission, the applicable market, the competition, and impact of an investment by the fund. The students will select 2 to 3 companies for deeper analysis by the 3rd to 4th week into the course.The students will then conduct due-diligence on their short-listed companies. This evaluation process involves face-to-face meetings, pitch presentations, and financial modeling and analysis. The students also use the Queen's alumni to gather intelligence and advice on the specific sectors the companies being analyzed are in.In the first week of December, the students make investment recommendations to the Investment Advisory Board. Any company recommended for investment will be eligible to receive up to $150,000 in funding as a co-investment with the company's existing lead investor or potential new investors.
