Under the 'direct' investment model, a small business registers as an eligible business corporation (EBC).
EBCs can accept equity capital directly from investors without having to set up a venture capital corporation (VCC).
This investment structure is ideal for an investor planning to be actively involved in the growth of the small business.
The Venture Capital Tax Credit Program maintains a register of EBCs that are actively raising investment. The register is made available to VCCs and other investors who are seeking investment opportunities and want to know which companies are actively raising investment.
Note that not all EBCs registered in the program show on the register, as only EBCs that have agreed to be included are on the register. EBCs on the register may or may not have a current pre-approved authorization to raise tax credit supported investment. Potential investors should request a copy of the EBC's pre-approved authorization for confirmation that the EBC is currently permitted to raise tax credit supported investment.
The document available in the link below contains information on government and non-government support programs and other resources that are available to British Columbia's small businesses.
The Province of British Columbia does not in any way guarantee nor express an opinion as to the value of any shares issued by an eligible business corporation, the financial condition of the corporation or the merits of any investment or business proposal.