Telus launched its new Telus Pollinator Fund for Good, a CAD 100 million investment fund created to power ideas in new responsible and sustainable startup businesses. The fund will invest in entrepreneurs building products aimed at improving healthcare, furthering social and economic inclusion, ensuring sustainable food production, and reducing our environmental footprint.
Telus said it remains committed to helping Canadian businesses and entrepreneurs adapt and navigate the massive social and economic disruptions posed by Covid-19. Investments will focus on for-profit companies and founders committed to driving social innovation and economic growth in the areas transforming healthcare, enabling inclusive communities, supporting responsible agriculture, and caring for the planet.
An advisory board of entrepreneurs, investors and thought leaders with expertise across the impact areas is being formed to advise on strategy, markets, and deal sourcing. Early-stage companies receiving investment will benefit from the insights and expertise from Telus’ resources, including the Telus Friendly Future Foundation, Telus’ Community Boards, Telus Health, Sustainability, and Telus Ventures with its broad network in the venture capital space.
The Telus Pollinator Fund for Good announced three cornerstone partnerships with microlending programme Windmill Microlending, impact investment fund Rhiza Capital and US-based company Tidal Vision.
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