MRI RFP ISO for Emerging Technology Fun(d)

Ontario’s Ministry of Research and Innovation has put out an RFP for the new $250 million Emerging Technologies Fund.

They are looking for someone to evaluate co-investor and investment applications, and to administer and monitor investments for the fund.

Here’s the blurb from the RFP Abstract:

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 private sector investors. This initiative is designed to help Ontario respond to the challenges emerging technology companies are experiencing in raising venture capital and other private equity. The Fund will focus on clean technologies, health and life sciences, and information and communication technologies, including digital media. The goal of the fund is to co-invest in high growth, innovative Ontario technology companies, with OETF as a co-investor. 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.

The final date for receiving written questions is June 10, 2009, 4:00 p.m.

Final Addenda will be issued by June 16, 2009, 4:00 p.m.

Optional Proponents Briefing will be held on June 12, 2009, 10:00 a.m.

Proposals must be received before 2:00 p.m. on June 24, 2009.

Read the full RFP at MERX.