Inbcinvestment
also invests · investor profileBritish Columbia, CA · 25 employees on LinkedIn · 1 known investors
Find your way into Inbcinvestment
1,365 people in our graph share verified history with the Inbcinvestment team — schools, employers, funds. One of them is your warm intro.
InBC is a provincial Crown corporation and strategic investment fund with a mandate to invest in the growth of British Columbia businesses using a triple bottom line approach that prioritizes profit, people, and planet. It aims to attract, grow, and anchor companies in the province while generating economic, employment, and positive social and environmental impacts.
Also known as InBC · InBC Investment Corp. · InBC Investment Corporation
Founders & leadership
Investors · 1
Company profile
researched Aug 2026InBC Investment Corp. (InBC) is a strategic investment fund established by the Province of British Columbia to invest in growing, innovative companies and venture funds connected to the province. It is a provincial Crown corporation with $500 million to deploy, whose shareholder is the Government of British Columbia, represented by the Minister of Finance and the Minister of Jobs and Economic Growth, and which is governed by a Board of Directors drawn from the public service, industry, finance, academia and other provincial leadership. InBC's stated objective is to generate competitive financial returns at the portfolio level while producing measurable economic, social and environmental benefits for B.C., including job creation, growth of research and development, and retention of intellectual property in the province.
InBC invests along two tracks: directly into private companies with strong connections to B.C. that are ready to scale commercially, and into investment funds committed to backing B.C. companies. It considers all innovation sectors while prioritizing target growth sectors identified in the Province's Look West strategy; its existing portfolio spans areas from life sciences to cleantech. The fund began investing in the fall of 2022 and, as of September 2025, had committed $179 million of its $500 million across a portfolio supporting 36 B.C. businesses. Leadership disclosed in sources includes Chief Investment Officer Thomas Park (appointed effective September 8, 2025), Board Chair Suzanne Trottier, and former Chief Executive Officer Jill Earthy; Leah Nguyen previously served as Chief Investment Officer.
Business model
InBC deploys provincial capital as an investor rather than a grant-maker, taking equity or convertible-note positions in private companies and making commitments to investment funds. It does not offer SAFEs and tailors instruments case by case. It prefers not to lead rounds, instead co-investing alongside other investors, and may provide follow-on capital on a case-by-case basis. Investment returns are intended to be recycled to create an evergreen fund for B.C., with the goal of the corporation becoming financially self-sustaining over the medium to long term.
Returns are generated through investment income and realizations from equity and convertible-note positions in portfolio companies and from commitments to investment funds; these returns are reinvested into the fund rather than distributed.
Traction
InBC began investing in the fall of 2022 and by September 2025 had committed $179 million of its $500 million mandate, with a portfolio supporting 36 B.C. businesses across sectors including life sciences and cleantech. Its own impact figures cite $374 million of B.C. GDP, $400 million in annual revenue by portfolio companies, and more than 1,900 B.C. jobs supported. Disclosed participation in portfolio company rounds includes ThoughtExchange (December 2023), Poseidon Ocean Systems (Series B, March 2024), Reverb Therapeutics (seed, February 2025) and 4AG Robotics (Series B, July 2025).
Latest developments
In March 2026, InBC and the University of British Columbia announced the UBC Catalyst Ventures Fund, a vehicle of up to $40 million backed by $10 million each from InBC and UBC with up to a further $20 million potentially raised from private-sector investors, focused initially on life sciences and deep tech and targeting UBC spinoffs and companies founded by UBC faculty, staff, students and recent alumni. Following the September 2025 appointment of CIO Thomas Park, InBC stated it would soon begin exploring options to recapitalize and grow the fund. The company has also published resources for Canadian businesses navigating U.S. tariffs (August 2026) and participated in Web Summit Vancouver (May 2026).
▸Full profile — market position, go-to-market, geography, history, risks & controversies
Market position
InBC is a government-backed venture investor in British Columbia that co-invests alongside private and institutional investors, and also acts as a fund investor. A 2026 government release describes the InBC-UBC Catalyst Ventures Fund as representing one of the largest government investments of its kind in Canada.
InBC combines a return objective with an explicit provincial public-policy mandate: investments are assessed on business model and financial returns, strength of connection to B.C. (headquarters and offices, share of B.C.-based decision-makers, and share of investment, revenue, employees or infrastructure in B.C.), alignment with provincial growth sectors, and ESG risk. It positions itself as local, patient capital that co-invests with private investors to anchor companies in B.C. rather than leading rounds.
Go-to-market
InBC sources opportunities through an open, deadline-free submission process on its website for both private companies and funds, followed by initial screening, due diligence, deal execution, and post-investment monitoring and reporting; the timeline from initial contact to investment typically averages four to six months. It also builds deal flow through ecosystem engagement, such as hosting a booth, judging a pitch competition and moderating an investor panel at the INNOVATEwest conference, and participating at Web Summit Vancouver.
Private, innovative companies with strong connections to British Columbia that are generating revenue and typically raising a Series A, B, C or later round at or just after commercialization, plus investment fund managers committed to investing in B.C. companies. Pre-revenue companies are considered only in very limited cases. Companies in all economic regions of the province, including rural areas and smaller cities, are considered.
Geography
Headquartered in Vancouver, British Columbia (925 West Georgia Street), with an investment mandate limited to British Columbia and coverage of all economic regions of the province.
History
InBC was established by the Province of British Columbia as a Crown corporation and began investing in the fall of 2022. Jill Earthy served as Chief Executive Officer, and Leah Nguyen as Chief Investment Officer, during the 2024 period. Thomas Park was appointed Chief Investment Officer effective September 8, 2025, joining after nearly a decade at BDC, where he helped shape its venture capital strategy and led the BDC Deep Tech Fund, and earlier roles at the Gates Foundation, McKinsey & Co., McCarthy Tetrault and the United Nations. In March 2026, InBC and the University of British Columbia announced the UBC Catalyst Ventures Fund.
Risks & controversies
As a Crown corporation wholly owned by the Government of British Columbia, InBC's capital deployment is tied to provincial economic development priorities as well as financial return objectives. It notes that meeting all published criteria does not guarantee investment, that it cannot disclose investment decisions in advance due to commercially sensitive information, and that submission volume can delay responses. A third-party program directory characterizes the fund's approval odds as approximately 5% and its process as one with no open application window.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 4
launches, deals, and filingsInBC published an update on its presence at Web Summit Vancouver, focused on supporting founders and convening capital.
InBC and the University of British Columbia partnered to launch the UBC Catalyst Ventures Fund, an investment fund of as much as $40 million comprising $10 million from InBC, $10 million from UBC and up to $20 million potentially raised from private-sector investors, focused initially on life sciences and deep tech and targeting UBC spinoffs and companies founded by UBC faculty, staff, students and recent alumni.
$40M source ↗
InBC announced the appointment of Thomas Park as Chief Investment Officer, effective September 8, 2025, to lead its investment team and strategy. Park previously spent nearly a decade at BDC, including as Lead Partner of the BDC Deep Tech Fund, and held roles at the Gates Foundation, McKinsey & Co. and McCarthy Tetrault.
InBC hosted a booth at the inaugural INNOVATEwest conference; CIO Leah Nguyen judged the Grizzly Pursuit pitch finale and CEO Jill Earthy moderated the RBCx Investor Breakfast panel.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 8
primary sources listed
- Inbcinvestmentinbcinvestment.com · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Inbcinvestment do?
- InBC Investment Corp. is a $500-million B.C. provincial Crown corporation investing in scaling British Columbia companies and venture funds.
- Who are Inbcinvestment's investors?
- Inbcinvestment's investors include WUTIF Capital.
- Where is Inbcinvestment headquartered?
- Inbcinvestment is headquartered in British Columbia, CA.