The Ministry of Research and Innovation (MRI), by its agent the Ontario Shared Services, has posted a Request for Proposal for evaluating co-investor and investment applications, and administering and monitoring Investments for the Ontario Emerging Technologies Fund (OETF).
The OETF is a new $250 million program announced as part of Ontario's 2009 Budget that would invest $250 million dollars over five years together with qualified venture capital funds and other qualified private sector investors. This initiative is designed to help Ontario respond to the challenges that emerging technology companies are experiencing in raising venture capital and other private equity. The Fund will focus on clean technologies, health and life sciences technologies and information and communication technologies, including digital media. The goal of the OETF is to co-invest in high growth, innovative Ontario technology companies alongside qualified private sector investors. The RFP will enable MRI to retain the necessary external experts to support MRI in evaluating co-investors and co-investments, and in administering and monitoring these investments.
Interested Proponents who intend to acquire this procurement opportunity must obtain the Request for Proposal through MERX (the Ontario Government's electronic tendering provider) toll-free at 1-800-964-6379 or online at www.merx.com. The MERX Reference # is 175928
