Malcolm Fraser, the last CEO of Innovacorp, has taken a new position as Managing Director of NPC Ventures, the new venture capital arm of Charlottetown-based Natural Products Canada.
NPC Ventures aims to be a $50 million fund that invests in companies making products out of natural materials, with a special emphasis on nutrition, human and animal health and agtech. The fund now has $20 million in commitments from multiple limited partners, and Fraser is working on raising the remaining $30 million. He hopes the fund will be operational early in 2023.
“Here is an opportunity to make an