Metis Economic Development Fund - Equity Investment Partnerships (NGO)

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The Métis Economic Development Fund (MEDF) stimulates the economic development of Manitoba Métis businesses & entrepreneurs by providing equity and/or debt financing creating equity partnerships

Summary

The Métis Economic Development Fund (MEDF) stimulates the economic development of Manitoba Métis businesses & entrepreneurs by providing equity and/or debt financing creating equity partnerships. MEDF concentrates on businesses & entrepreneurs which are in growth, expansion, or acquisition phases. The fund may also invest in start-up ventures when the viability of the business outweighs the increased investment risk.

Nature of Funding

Financing is available up to $500,000 with an anticipated holding period between three to seven years (to a maximum 10 years) and a maximum ownership of 35 percent of the fair value of the corporation. A variety of financing instruments could be utilized and tailored to meet the specific needs of each opportunity. Key Industries: life sciences, information and communications technologies, energy and clean technologies, wholesale and distribution, advanced manufacturing, mining and natural resources, other as agreed to by MEDF.

Investment Criteria

Corporations funded under this program must:

  • Be owned and controlled by individuals who reside in Manitoba with Métis ancestry proven through genealogy.
  • Have an experienced, well-balanced management team.
  • Submit a comprehensive business plan outlining the product and service offering, with a well-defined market with growth potential and a clearly defined exit strategy.
  • Be economically viable and able to provide a positive return on investment to the Métis entrepreneur, communities and the fund (non-profit businesses will not be considered).

Forms of Preferred Financing Options

MEDF invests capital in the form of equity and/or quasi-equity to Manitoba Métis businesses. The funds investment and ownership is formalized through the following financial instrument(s):

  • common and/or preferred shares
  • convertible preferred shares
  • convertible debentures
  • subordinate debt
  • other, as agreed to by MEDF

Contact

Métis Economic Development Fund
340 – 150 Henry Avenue
Winnipeg, Manitoba R3B 0J7
Phone: 204-589-0772
Toll free: 1-800-387-6004
Fax: 204-589-0791
Email: info@medf.ca
Website: www.medf.ca