NGIF CAPITAL LAUNCHES A NEW NOT-FOR-PROFIT ACCELERATOR FOR ITS TECHNOLOGY AND INNOVATION PROGRAMS

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NGIF CAPITAL LAUNCHES A NEW NOT-FOR-PROFIT ACCELERATOR FOR ITS TECHNOLOGY AND INNOVATION PROGRAMS


September 5, 2023

CALGARY, AB (SEPTEMBER 05, 2023): NGIF Capital, a Canadian venture capital firm investing in cleantech innovation in the natural gas and renewable gases sector, today announced the launch of a not-for-profit corporation – NGIF Accelerator.



NGIF Accelerator will be the not-for-profit arm of NGIF and will include current technology and innovation programs – such as NGIF’s Industry Grants (IG) program and its Emissions Testing Centre (ETC) – in its operations.

With the creation of NGIF Accelerator in our group of enterprises we now have an even better platform to take startups and their ideas from concept to commercialization,” said John Adams, President and CEO, NGIF Capital.

In addition to his responsibilities at NGIF Capital, John Adams will also serve as the President and CEO of NGIF Accelerator.

NGIF Accelerator will support startups to de-risk and accelerate technology development through field trials, pilot projects, university simulations, and industry validation. It will coordinate with the federal and provincial governments to co-fund projects to advance technology and innovation for market commercialization.

NGIF Capital will continue to be the for-profit investment arm of NGIF and operate current and future investment funds. It currently operates Cleantech Ventures Fund I with investors that bring energy leadership from the gas value chain, offering equity financing to startups. These investments help to scale and grow companies that will have a triple bottom line: environmental performance, return on investment, and energy market transformation.

“Canada’s natural gas industry is foundational to the production and delivery of the affordable, reliable energy enjoyed by Canadians today. When we created NGIF, it was our vision to bring the entire natural gas value chain together to support cleantech development that enhances environmental and economic performance for the sector. The creation of NGIF Accelerator will further position the sector as a leader in innovation and environmental performance,” said Timothy Egan, President and CEO, Canadian Gas Association and Chair, NGIF Capital.


New Business Model:


In brief:

  1. NGIF Capital is wholly owned by CGA Enterprises Inc. which is a subsidiary of the Canadian Gas Association. John Adams is the President and CEO of NGIF Capital.
  2. NGIF Accelerator is wholly owned by NGIF Capital. John Adams is the President and CEO of NGIF Accelerator.
  3. The dotted green box in the business model refers to future programs/ funds.

For more information, please visit ngif.ca


 

Fund Information:

John Adams
President and CEO, NGIF Capital Corporation
Managing Partner, NGIF Cleantech Ventures
613-748-0057
[email protected]

Media Information:

Dini Philip
Communications Coordinator, NGIF Capital Corporation
(403) 389-2090
[email protected]

Related Resources

At NGIF, we invest in companies who are leading in the development of clean technologies for energy and who have the potential to demonstrate significant and quantifiable environmental and economic returns.

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