RealTime IT News

Matchmaker, Matchmaker

[Toronto, CANADA] Wedding bells are ringing within the walls of CanadaStartups.com's downtown Toronto office. Well, sort of.

Practically a dating service for the nation's fledgling e-commerce outfits, CanadaStartups.com is an online resource aimed at uniting Internet startups and the people who can help them succeed. The privately funded company provides its members with access to an entire community of startup-oriented investors, job seekers and vendors.

Marking its very first match of 2001, Season Ticket Networks (formerly Tickethippo.com), a CanadaStartups.com member, has secured a strategic investment and partnership agreement with Headline Media Group Inc. The two companies, introduced through CanadaStartups.com, are joining forces to change the way electronic and season tickets are managed by major league sports teams across the globe.

"This announcement represents a significant milestone for us, and CanadaStartups.com played an important role in helping to make it happen," said Joel Milne, president and chief executive officer of Season Ticket Networks. "Their role in introducing us to Headline Media Group will prove to be pivotal to our future success as we continue to change the way sports teams manage their season and electronic tickets."

CanadaStartups.com isn't the only company to get in on the matchmaking game. Toronto's 360 Capital Corp. recently launched its VentureLink Fund, an online venture capital network for early stage Canadian technology, Internet, telecommunication and biotechnology companies seeking funding.

Through the VentureLink Fund, 360 Capital will identify and screen investment opportunities and plans to secure funding for potentially promising new entries in Canada's high-tech industry. 360 Capital will also submit pre-screened business plans to a network of over 30 leading venture capital firms in the U.S. and Canada for co-investment consideration.