By Brett McKay
Startup TNT has moved into a new space on 104 Street with a vision to get more investors together in one place and get more deals flowing in the city.
"The game plan is to build out a space for investors of all types ... and have us all co-locate in one space so that we can both share deal flow, but (also change) how to be doing the deals," Startup TNT co-founder Tim Lynn told Taproot.
The project will start with getting venture capital firms into the space at 10177 104 St., and then ideally include more family offices and corporate investors. In the same way that coworking spaces are set up for startups, the new Startup TNT space is intended to foster a natural exchange of ideas and more extensive collaboration among investors, Lynn said.
"All the investors in Edmonton, by and large, are sort of operating on their own," he said, "which is fine, but it's hard to get deal flow. If we're able to coordinate deal flow in our investments into our local companies by sharing what's happening here, then it just makes it easier for us to sort of all pile in on the great opportunities that exist. Which then ideally leads to more companies here getting funding, and ultimately more companies staying and growing."
The co-locating space has the capacity for 12 to 20 firms, and Lynn said there are companies ready to join them in the months ahead, with some startups helping to fill up occupancy while the project gets moving. Further down the line, Lynn anticipates it will also act as a place where investors from outside of Edmonton could do business and make deals while they are in the city.
Lynn is confident the move makes business sense for the startup community and for Startup TNT. "Plus," he added, "it's more fun to work on things together."