VICTORIA, BC (April 1, 2021) - The Capital Investment Network (CIN) and CINdicates have signed a 3.5 year lease agreement for the entire second floor of VIATEC’s Fort Tectoria starting today. The Capital Investment Network and CINdicates will be joined by a variety of companies they work with, breathing new life into the co-working space.

“We started our search for just the right space and location to accommodate our unique collection of companies and organizations months ago,” said Jordan Schley, Director of Capital Investment Network, Founder of Care2Talk, and Co-Founder of Vic Foundry. “Like many other tech companies in our community, we have been very fortunate to have stability and growth which increased our need for space. We can’t wait to move in. Our goal is to bring even more attention to Fort Street and to keep building on what VIATEC has already made amazing.”

The second floor of the four storey building opened up when the previous tenant was forced to shutter their in-person training operations and buy out their lease due to the COVID-19 pandemic. “It was definitely a hit to our revenues in the short term but we were excited about the potential of finding new tenants that more closely aligned with the tech community and having CIN, CINdicates and their associated companies move in is a perfect fit. Once things open back up and more of us are able to return to the office, we think the added energy and people in Fort Tectoria will see everyone in the building benefit,” said Dan Gunn, VIATEC’s CEO. 

VIATEC and the Capital Investment Network have been community partners for years, including the creation of the “Angel of the Year” award category at the VIATEC Awards and helping to invite investors to town for VIATEC’s previous Experience Tectoria and Western Angel Investor events. They have also collaborated to create and host a few event series: “Startup Stories,” where two local startup founders share their stories; and “Battle of the Pitch Decks,” where three companies put on a 7 minute presentation each and compete for prizes, in addition to getting exposed to investors. Battle of the Pitch Decks recently got picked up to branch out to Vancouver, the Okanagan and Whitehorse, creating a multi-city competition over 3 months. 

Most recently, the Capital Investment Network, Women’s Equity Lab, VIATEC and Alacrity Canada partnered together to create an annual fund with other BC investors, forming CINdicates.

“A key part of our strategic plan is to partner with more organizations in order to combine our efforts to make an even larger impact,” continued Gunn. “VIATEC and the Capital Investment Network have worked closely on many projects, investor related events and conversations on growing the tech sector, so it was an easy yes to welcome them into The Fort and continue this journey together.”

About CINdicates

CINdicates is a new Victoria-based Venture Capital Corporation fund focused on providing early funding to local startups, supporting the local tech economy, while creating long-term value for investors. Closely affiliated with the Capital Investment Network, Women’s Equity Lab, VIATEC, and Alacrity, CINdicates’ goal is to build an annual fund partnering with other B.C. investors. Cindicates brings their vast experience investing in, mentoring, and scaling startups and their network of investors together to help build successful companies. https://www.cindicates.com/ 

About the Capital Investment Network

The Capital Investment Network is a nonprofit angel investor network connecting, growing, and strengthening the local angel investor community in Victoria, BC. Their community of investors possesses a wealth of resources, knowledge, and opportunities. They also host a series of networking and pitch events to connect their members with promising startups. https://www.capinvestment.net/ 

About VIATEC

VIATEC's mission is to cultivate the most cohesive tech community in the world by providing resources to tackle shared opportunities and challenges while boosting a sense of belonging and shaping our region. They work closely with their members to offer a variety of events, programs and services. In addition, VIATEC serves as the front door of the local tech sector and as its spokesperson. https://www.viatec.ca/ 

About Fort Tectoria

To better support local innovators, VIATEC acquired their own building, Fort Tectoria, (777 Fort Street, Victoria, BC) in 2014, where they offer flexible and affordable office space to emerging local companies along with a gathering/event space for local entrepreneurs. Fort Tectoria is a four-storey red brick marvel built in 1909, modernized with all the comforts a co-working space could offer: very fast internet, 24 hour access, meeting rooms, a cozy lounge space, kitchen facilities, janitorial services, extra sanitization and a certified Green business space 7 years in a row. https://www.viatec.ca/workspace/ 

MEDIA CONTACT:

Dan Gunn, CEO
VIATEC

dgunn@viatec.ca

250-882-2820