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National Bank to contribute $3 million to Food and AgTech Fund supporting women and underrepresented entrepreneurs
National Bank to contribute $3 million to Food and AgTech Fund supporting women and underrepresen...
About this update from National Bank Of Canada
[{"type":"text","content":"\n \n \n \n National Bank to contribute $3 million to Food and AgTech Fund supporting women and underrepresented entrepreneurs\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n April 28, 2023\n \n \n /CNW/ - National Bank of\n \n Canada\n \n (the \"Bank\") (TSX: NA) will invest\n \n $3 million\n \n in The51's Food and AgTech Fund (the \"Fund\"). This contribution is aligned with the Bank's willingness to advance\n \n Canada's\n \n growing tech sectors, including agricultural technologies.\n \n \n \n \n \n \n \n \n \n \n Highlights\n \n \n \n \n The51, a national organization headquartered in\n \n Alberta\n \n , is focused on improving access to capital for women and gender-diverse founders while advancing gender equality through economic empowerment.\n \n \n The Fund will invest in early-stage companies at the pre-seed, seed and Series A levels to advance their growth, foster sustainable agricultural development, and strengthen\n \n Canada's\n \n food chain.\n \n \n The Bank's contribution will assist in funding the advancement of agriculture biotechnology, farm innovation, automation and food innovation businesses.\n \n \n \n \n Quotes\n \n \n \n \"Investing in agricultural technology innovation is critical for\n \n Canada's\n \n economic growth, food security, and environmental sustainability,\" says\n \n Alison Sunstrum\n \n , Managing General Partner of The51 Food and AgTech Fund.\n \n \n \"Our important work with National Bank harnesses the economic opportunity of diversity within the food and AgTech sector and beyond. We want to identify and help build exceptional commercial ventures, which have the potential to positively impact people and the planet,\" says\n \n Shelley Kuipers\n \n , Co-Founder, General Partner of The51.\n \n \n \"We are proud to support the rapidly developing food and AgTech sectors, as the Bank continues to grow its presence in\n \n Western Canada\n \n . This collaboration with The51 is a commitment to further the advancement of investors, founders, and businesses, inc...