Through the new Venture Capital Catalyst Initiative (VCCI) announced by the federal government, $400 million in venture funding will be made available to innovative companies and investors who are working hard to develop ideas and products that will grow Canada’s economy.
VCCI is one of the pillars of the federal government’s Innovation and Skills Plan. It will help make late-stage venture capital available through the Business Development Bank of Canada for Canadian firms.
The federal government is also committed to equality and diversity in all of our policy making. When fund managers submit their applications for VCCI funding, they must include a proposal that outlines how they’ll use the money to work toward gender balance and enhancing the diversity of their firms and their investment portfolios.
The application link is available here: http://www.ic.gc.ca/eic/site/061.nsf/eng/03060.html