NCIC CapitalFund is an early stage investment company. They invest in emerging, growth-oriented, technology-based companies. Since June of 1995, NCIC CapitalFund has made 59 rounds of investments in 29 companies totaling over $15 million. Their investments have been leveraged with an additional $60 million in co-investments. Their investments have ranged from $200,000 to $1,000,000 with an average of $500,000 per company. They expect companies to have a sound technical base and a sustainable competitive advantage. They prefer companies that have secured a proprietary protection for their intellectual property and have plans for subsequent technical and product advances.