• A special purpose vehicle (SPV) is also known as a Special Purpose Entity (SPE). An SPV is a limited partnership or corporation created for investment into a project. 

• Summit Edge SPV was created specifically by Altitude Accelerator and Preference Capital to pool investor capital into a separate entity to invest in startup companies. 

The companies making applications to the fund are high-risk, and early-stage Capital investment may be lost. Capital returns are not guaranteed. 

• Proposed term of five years is typical for venture investing 

• The minimum capital has been lowered. For this SPV, there is a one-time investment of a minimum of CAD$10,000. 

• Western Greater Toronto Golden Horseshoe includes business owners registered in Ontario and operating in Western Toronto, Brampton, Burlington, Caledon, Guelph, Halton Hills, Hamilton, Milton, Mississauga, Niagara, Oakville and Orangeville

• Accredited investors  
  
  • A minimum of $1,000,000 in net financial assets either alone or with a spouse (excluding all real estate and other liabilities) . 
  • Have had for the past two years and a current ongoing salary of over CAD $200,000 alone, or CAD $300,000 when combined with a spouse.  
  • A minimum of $5,000,000 in assets either alone or with a spouse.  
• Self-Certified Investor annual investment limit is capped at $30,000 and must meet at least one of the following criteria:
  
  • Hold a professional designation such as CFA, CPA, CIM, or Financial Planner Designation.
  • Practice law in the Securities and M&A sector.
  • Have an MBA with a focus on Finance.
  • Possess an undergraduate degree in finance, business, or commerce.
  • Have management, policy-making, engineering, product, or other relevant operational experience in an industry or sector similar to the startup company.