AVAC is an Alberta-based, not-for-profit investment firm that invests in early-stage commercial ventures in the value-added agri-business, information and communications technologies, life sciences and other industrial technology sectors. It also manages an active early-stage venture capital fund-of-funds investment pool and the Accelerate Fund, an angel co-investment fund available to Alberta technology companies. The firm was founded in 1996 and is based in Calgary, Canada.