SASKATOON (Staff) – A fund has been created to invest in new technologies and products which add value to raw agricultural products.
Nuvotech Ventures International, a subsidiary of the POS Pilot Plant here, a food research and development facility, has created the Nuvoventure Fund, with the goal of raising $4.6 million from banks, venture capitalists and others.
Start-up money
The money will be invested over five to seven years to help companies develop patents and business plans, said a company release.
The minimum investment in the fund will be $150,000 and target investors are those interested in long-term capital growth in the value-added sector of agribusiness.
