Ela Borenstein, VP, Venture Capital Incentivized Programs, BDC Capital
Ela Borenstein is Vice President leading the VCIP team, where she is responsible for incentivized and mandated programs on behalf of the government, notably, Venture Capital Action Plan (VCAP), Venture Capital Catalyst Initiative (VCCI) 2017, renewed VCCI, and the Covid Bridge Financing programs, totaling $1.8B for the development and launch of new initiatives for Canadian funds.
Podcast
Overview
In this episode, we explore various aspects related to the development of the Canadian ecosystem with Ela Borenstein, VP, Venture Capital Incentivized Programs, BDC Capital. We delve into the evolution of the ecosystem, the services provided by BDC to venture capitalists and fund managers, the significance of initiatives like the GP Academy and the Cop and fellows program, and the key factors to consider when implementing incentive programs.
00:09- About Ela Borenstein
- Ela Borenstein is Vice President leading the VCIP team, where she is responsible for incentivized and mandated programs on behalf of the government, notably, Venture Capital Action Plan (VCAP), Venture Capital Catalyst Initiative (VCCI) 2017, renewed VCCI, and the Covid Bridge Financing programs, totaling $1.8B for the development and launch of new initiatives for Canadian funds.
- She joined BDC Capital in 2007 spending 9 years as an investor in healthcare and life sciences companies bringing over 20 years of management, entrepreneurial and consulting experience in the biopharmaceutical and related industries.
01:54- Inflection points that made this wonderful career that you have
- I always wanted to be a doctor, and my passion for chemistry led me to study pharmacology.
- The fascinating process of molecules transforming in the body intrigued me, and I pursued a career in clinical and regulatory affairs.
- Unexpectedly, I found an opportunity at BDC to invest in healthcare startups and support innovative solutions for kidney patients.
- It all came together, aligning with my passions and allowing me to work with remarkable entrepreneurs in the Canadian ecosystem.
06:57- Can you provide a brief history of BDC from your perspective?
- BDC is a large organization that supports entrepreneurs across Canada, primarily focusing on small and medium-sized businesses.
- It was established in the 1940s to provide financing to entrepreneurs who didn’t meet traditional banking requirements.
- As a Crown Corporation, our mandate is to identify market gaps and support Canadian entrepreneurs.
- We operate as a business, making good financial decisions while returning capital to the government.
- Our goal is to achieve sustainable profitability and contribute to a strong Canadian economy.
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Profile
- Ela Borenstein is Vice President leading the VCIP team, where she is responsible for incentivized and mandated programs on behalf of the government, notably, Venture Capital Action Plan (VCAP), Venture Capital Catalyst Initiative (VCCI) 2017, renewed VCCI, and the Covid Bridge Financing programs, totaling $1.8B for the development and launch of new initiatives for Canadian funds.
- She joined BDC Capital in 2007 spending 9 years as an investor in healthcare and life sciences companies bringing over 20 years of management, entrepreneurial and consulting experience in the biopharmaceutical and related industries.
