Alberta Clean Technologies (VCC) Ltd. (“ABCT”) is a private corporation approved as a venture capital corporation (“VCC”) under the Investing in a Diversified Alberta Economy Act (“Act”). As a VCC, ABCT operates as an investment fund (“Fund”) focused on investments in Alberta-based clean technology companies in the commercialization or pilot stage of their life-cycle. As an approved VCC, shareholders of ABCT will receive a 30% tax credit on the full value of their investment and the shares (“Shares”) will be eligible investments for RRSP, TFSA, or RRIF purposes.
We invest in Alberta-based companies that are seeking to commercialize proprietary technology in the clean-tech sector. ABCT will work with Alberta-based innovators to bring their high growth potential clean-tech solutions to market.
The Fund carefully selects deal flow rather than employing a “shotgun” blind pool approach. While ABCT believes in the value of a diversified fund, it does not subscribe to the “laissez-faire” attitude of typical blind pool funds that tend to place less emphasis on thorough due diligence and rely on bell-curve success and failure statistics. ABCT is an active Fund that proactively identifies attractive investment companies and supports its portfolio companies to help them to succeed in today’s dynamic marketplace.
The Alberta Investor Tax Credit (“AITC”) provides an up-front tax credit of 30% to Alberta taxpayers on every dollar invested into the Fund, subject to certain limitations. The AITC program has been approved only through 2019. As such, this is a time-sensitive investment opportunity that may not be replicated. In contrast to resource flow-through shares, where the adjusted cost base of the shares is ground to zero, there is no reduction of the cost base of acquired Shares. In addition, the tax credit is not income or deemed income to the investor. Shares are eligible investments for RRSP and TFSA purposes, thereby greatly reducing an investor’s at-risk amount.
Mr. Ross has over 35 years of experience in the investment industry including; executive management, small capital investment banking, venture capital, private equity, sales and trading. He was lead director and early investor in C-Free Power Corp., a renewable energy company which was acquired in 2009 by Good Energies Capital. Mr. Ross was a major shareholder & Director of Platinum Communications Corporation, a high speed wireless internet service provider, which was acquired by XplorNet in 2015, and was a Director of Glenbriar Technologies Inc. until it was acquired by Uniserve Communications Corp. in 2017. Mr. Ross is the CEO and Founder of Dalriada Capital Corp., a private company engaged in management consulting and private equity & venture capital investments.
Mr. Ross is CEO & Director of Rocky Mountain GTL Inc. a clean energy midstream company that designs, constructs and operates “Small Scale Gas to Liquids” plants.
Mr. Ross was the CEO of Expander Energy Inc. from 2010 to 2017 leading Expander through its significant technology development.
Mr. Ferster has over 14 years of experience in commodities-based industries (oil and gas, mining, and power). Previously, he has been an officer and director for several companies, including Canadian Rockies Petroleum Corp., a private oil and gas company, CEO & President of Caldas Gold Corp., a private international junior mining company, and CEO & Director of SynStream Energy Corp., a public oil and gas company. Mr. Ferster was an independent consultant to clean energy technology companies prior to joining ABCT.
Mr. Matheson has over 38 years of experience as a founder, lawyer, executive and investor in public energy and technology companies in Canada, including CEO & President of Glenbriar Technologies Inc, a provider of Cloud-enabled business technology solutions, CEO & Director of Platinum Communications Corp., the largest fixed wireless ISP in Alberta, and Vice-President, General Counsel & CFO of Transwest Energy Inc., an oil and gas exploration, development and pipeline company. Mr. Matheson currently serves as a panel member and presiding officer with the Calgary Assessment Review Board.
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