A student-focused fund looking to make waves in Alberta.
It unofficially started from an email with a link of another student fund that got us thinking “huh, that would be cool to do.” It officially started once our eyes opened to the state of student entrepreneurship in Alberta, then we got serious about building WAV. A friend of Alec and Chris left for Toronto to pursue his startup due to the lack of assistance and available capital in the province. His startup didn’t have revenue, they were building the prototype, but they only needed a small injection of capital. In a province that claims risk-taking is part of the culture, we seem incredibly risk averse compared to Silicon Valley. When a student has a startup with the potential to scale fast and disrupt a traditional industry, like our friend did, that kind of student entrepreneurship should be encouraged and embraced. This is mentioned on almost every student fund website, but these names bear repeating: Dell, Dropbox, Facebook, Google, Microsoft, Reddit, Snapchat, WordPress, Yahoo!. All of these companies were founded by students at post-secondary institutions and are some of the largest disruptors and innovators today. If we’re not willing to provide students with resources to build their companies, how can we be sure that Alberta won’t miss a major opportunity?
The more we researched and met with players in the startup ecosystem, the more we had to ensure WAV was a success. Throughout the summer of 2018, we began building our Board of Advisors, created our strategies, due diligence processes, and frameworks. We traveled between Edmonton and Calgary to connect the two cities through their students and post-secondary institutions and ensure WAV Capital is truly Alberta-wide. Now, we’re ready to begin, ready to grow, and ready to make a lasting impact on the province through supporting student entrepreneurs.
What We Do
Students need capital as much if not more than most entrepreneurs from a lack of time to work and save and the costs associated with tuition. WAV Capital seeks to be an early tech investor in Alberta’s most promising student founders. We invest $20-50k as a pre-seed investment using various investment vehicles. This capital is to help ease the financial pressures of building a company while in school, enabling more time and focus on scaling. See our Eligibility page to see if you’re ready for investment.
WAV wouldn’t be much use if we only gave startups capital, so we don’t stop there. WAV’s portfolio companies have access to our extensive network of mentors, advisors, and industry professionals to help student entrepreneurs get the assistance and advice they need. We’ve met with and understand the incubators, accelerators, and new organizations in the province that help startups - we’ll help startups choose the one that’s best for them. Additionally, WAV’s strict hiring process brings on the best and brightest students from across the province, so our own team is capable of assisting entrepreneurs in many areas.
The state of student entrepreneurship in Alberta is strong, but can certainly be better. WAV will be hosting events like hackathons and educational sessions and workshops to promote entrepreneurship in our post-secondary institutions. Starting a company, working for a startup, and becoming a venture capitalist should be career paths that students see as not viable options, but exciting and meaningful ones. Stay up to date with our social media to see what events are happening on your campus or in your city.