Chris Arsenault joins MSBI Capital
Venture Capital Firm names Chris Arsenault Partner, InfoTech
Montreal, Quebec, Canada, October 30th, 2002 — MSBI Capital, a provider of seed and early stage venture capital for the commercialization of innovations in life sciences, information technology and the physical sciences, announced today that Chris Arsenault has joined its team as Partner. At MSBI, Chris will have special responsibility for the technology sector.
“With this appointment, we are adding significantly to the depth of business experience within MSBI Capital’s management team,” said Mark de Groot, Managing Partner of MSBI Capital. “That someone with Chris’ experience in establishing, operating and investing in successful technology companies over the course of more than 10 years is joining MSBI, is testament to MSBI’s intention to provide both financing and real management support to our investee companies.”
Chris has been involved in numerous entrepreneurial initiatives, including more recently the G8 Digital Opportunity Task Force that was behind the creation of ENABLIS Entrepreneurial Network Inc., a venture capital fund focused on helping small & medium-sized enterprises & entrepreneurs in developing countries overcome the “Digital Divide” and stimulate economic & social growth in these countries. Since 1999, he has been a member of the selection committee of Inno-Centre Inc., a leading Montreal based coaching and business service provider to technology start-ups.
Prior to joining MSBI, he was a partner and entrepreneur in residence with the Telesystem group, where, in addition to managing direct investments, he was involved in the creation of a subsidiary for Teleglobe Inc. and a subsidiary for Microcell Telecommunications Inc.
Chris helped build since its inception Wanted Technologies, a business intelligence information and technology provider, and was key in the launching of Copernic Technologies, a leading agent-based technology company. Chris began his business career in technology as founder and CEO of SIT, an international Internet integrator and the first Netscape Communications software developer, for which SIT Europe was sold to Ubizen of Belgium in 1999.
About MSBI Capital
MSBI Capital is a seed and early stage venture capital fund dedicated to commercializing innovations in life sciences, information technology and the physical sciences. MSBI Capital has a particular focus on establishing and building companies based on technology advancements and inventions originating from the universities of McGill, Sherbrooke and Bishop’s, as well as their affiliated hospitals and research institutes. MSBI Capital maintains offices in Montreal, Québec, Canada. MSBI and MSBI LP are trademarks of MSBI Capital. Other registered and unregistered trademarks are the property of their respective owners. More information about MSBI is available at http://www.msbi.ca.
Helene Jutras, MSBI Capital