Alberta Enterprise seeks new CEO

Alberta Enterprise Corp., the venture capital arm of the Alberta government, is looking for a new CEO.

In a posting on its Web site, the agency said it is looking for a person with at least 10 years experience in the venture capital industry who can work with a wide variety of stakeholders, including various levels of government.

The agency, launched in 2008 with $110 million from the province, invests in venture capital firms that back early stage companies.

So far it has put out $74 million into six venture capital funds, including Yaletown Venture Partners, Chrysalix Energy Venture Capital, iNovia Capital, EnerTech Capital, and Azure Capital Partners.
It also serves as a hub connecting investors, entrepreneurs, and experienced technology executives.

Resumes for the CEO post should be submitted by Aug. 15.

Last month Alberta Enterprise announced that it has invested $6 million as a limited partner in Avrio Ventures II, an Alberta venture capital fund that invests in later-stage food and agricultural technology, including bio-products, nutraceutical ingredients and food technology companies. Avrio is based in Calgary and also has offices in Montreal and Toronto.

It also invested $10 million last month as a limited partner in 32 Degrees Energy Technology Fund, a Calgary-based venture capital fund that backs early-to-later stage Canadian energy technology related opportunities.

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