Execution Labs links up with BDC Venture Capital in funding project

By IVCPOST Staff Reporter

Jul 30, 2013 12:51 AM EDT

Execution Labs, a Canadian video game company incubator, announced that it has agreed with BDC Venture Capital to grant US$150,000 in convertible notes to companies that succeed in Execution Labs' incubator program.

The announcement follows Execution Labs' launch of its own funding last year. By providing financial support, the Montreal-based incubator aims to aid in the growth build up of independent early-stage mobile-game developers. The company said that while the funding is structured like a loan, its intention is to assist early-stage studios survive a period that could be financially difficult.

"Game development has for years been an important part of Canada's technology ecosystem. We are excited to partner with Execution Labs and look forward to helping the best studios coming out of XL fulfill their potential to power our games economy," BDC Venture Capital vice president of strategic investments and initiatives Senia Rapisarda explained in a statement.

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