Venture Capital Catalyst Initiative Selection Committee

Renewed Venture Capital Catalyst Initiative Selection Committee

In May 2022, the Government of Canada released a Notice of Opportunity inviting qualified industry professionals to apply to serve on the Selection Committees for one or more streams of the renewed Venture Capital Catalyst Initiative (VCCI). Following the open call for applications, candidates were evaluated based on a variety of criteria, including education and experience, knowledge, skills and abilities, personal attributes, and diversity of perspectives and expertise.

Selection Committees under VCCI provide a rigorous assessment, advice and recommendations on the selection of recipients under the program. Members of the Committee act on a part-time, volunteer basis.

Funds-of-funds

To evaluate proposals for the funds-of-funds stream, a five-person Selection Committee was established comprised of individuals possessing diverse expertise, professional backgrounds, and perspectives. The members include:

  • Serra Erdogmus (Chair): Institutional investor at the Canadian Medical Protective Association
  • Gilles Duruflé: Independent consultant, venture capital and private equity
  • Laura Kilcrease: CEO of Alberta Innovates
  • Elmer Kim: Chief Investment Officer, Hyatt Family Office
  • Stephen Ibaraki: Chairman Board and Managing General Partner, REDDS Capital

Life Sciences

Information on Selection Committee members will be released following the announcement of the stream’s recipients.

Inclusive Growth

Information on Selection Committee members will be released following the announcement of the stream’s recipients.

Venture Capital Catalyst Initiative 2017 Selection Committee

The selection of recipients under the original  VCCI used a rigorous assessment and selection process informed by the advice and recommendations provided by the VCCI Selection Committee. Following the open call for applications, Innovation, Science and Economic Development Canada (ISED) established the five-member Selection Committee, comprised of individuals with diverse expertise, backgrounds (venture capital investors and managers, entrepreneurs and start-up support specialists), regions and perspectives.

Streams 1 and 2

The selection committee that evaluated submissions under VCCI Streams 1 and 2 was co-chaired by Gilles Duruflé and Serra Erdogmus. The members were:

  • Gilles Duruflé (Co-Chair): Independent consultant, venture capital and private equity
  • Serra Erdogmus (Co-Chair): Institutional investor at the Canadian Medical Protective Association
  • Catherine Lacavera: Technology acquisition and intellectual property specialist
  • Bill Tam: Start-up support specialist
  • Rebecca Yu: Start-up support and life sciences specialist

Stream 3

For Stream 3, membership of the Selection Committee was adjusted to reflect additional expertise in the clean technology sector. The members of the Committee were:

  • David Bookbinder: Growth equity investor and clean technology specialist
  • Gilles Duruflé: Independent consultant, venture capital and private equity
  • Serra Erdogmus: Institutional investor at the Canadian Medical Protective Association
  • Catherine Lacavera: Technology acquisition and intellectual property specialist
  • Mike Walkinshaw: Venture capital investor, entrepreneur and clean technology specialist

For each stream, the Selection Committee recommended applicants based on the evaluation of the relative scores of their application, the impact they would have on the Canadian venture capital ecosystem, and the role each would have in meeting the objectives of VCCI.

Members of the Committee acted on a part-time, volunteer basis.