Life sciences stream investing up to $50 million in VC funds primarily focused on investing in high-growth potential technology companies Canada's life sciences sector and,.Funds-of-funds stream investing up to $350 million in funds-of-funds.This will be accomplished through the introduction of three new streams under VCCI: The renewed Venture Capital Catalyst Initiativeīuilding on the momentum of these investment, the Government's renewed commitment to the VCCI will help increase the availability of capital for Canada's high-potential innovative firms, including those in the life sciences sector and for entrepreneurs from underrepresented groups, such as women and racialized communities. The Canadian Venture Capital and Private Equity Association (CVCA) attributes much of this growth to the Government of Canada's support for VC, including through the Venture Capital Action Plan (VCAP) and earlier investments made under the VCCI (Budget 2017). As a result, Canada is now ranked third for VC investment according to the Organisation for Economic Co-operation and Development (OECD). Canada's VC ecosystem has experienced considerable growth in recent years with 2021 setting a new record in total investment, $14.7 billion of VC investment in Canadian start-ups.

Venture capital (VC) is a specialized type of equity financing that takes educated risks on great ideas and talented people by investing capital in young, high growth-potential companies to give them the opportunity to develop their ideas into marketable products. Specifically, new funding for the Venture Capital Catalyst Initiative (VCCI) will build on earlier investments to ensure Canadian businesses continue to enjoy access to a globally competitive venture capital ecosystem capable of nurturing entrepreneurial talent and creating high-quality, middle-class jobs.

It fosters a thriving middle class and opens the country to new economic, social and environmental possibilities.Īs part of Budget 2021, the Government is making historic investments to support Canadian entrepreneurs in their efforts to start up, scale up, and become the next generation of Canadian anchor companies. Innovation is the path to inclusive growth. From: Innovation, Science and Economic Development Canada OverviewĪs we emerge from the COVID-19 crisis, a priority of the Government of Canada is to put Canada's economy on a stronger footing, both for Canadians today and future generations.

Venture capitalism