VQ Capital, Advantage Capital Inc. and BFT Ltd. Create $50MM Seed Money Fund

Online, January 30, 2011 (Newswire.com) - VQ Capital Inc., in conjunction with Advantage Capital Inc. and BFT Ltd., has set up a $50 million fund to help seed new start-up and growth business opportunities in the renewable energy, agriculture, IT, media, and light manufacturing sectors. This capital program is designed to help companies bridge the gap to traditional finance over a 2-5 year timeline.

VQ Capital, a direct-to-source lender with working relationships with over 500 lenders in North America, will now begin management and rollout of its own portfolio. This joint venture has been six months in the making, but now VQ is pleased to begin the rollout of this new endeavour.

President of VQ Capital, C.J. LeMoine commented "The renewable energy sector in Canada has struggled in gaining the capital required for project development and construction. We are excited to implement this new fund in order to help finance more quality projects and bring them to fruition."

The first three approved projects through this new fund are: a reality-based television program out of Toronto, Ontario; a software development firm for the auto industry based in Vancouver, British Columbia; and a magazine publication out of Montreal, Quebec. All projects are within the range of $1-5 million in funding requirements.