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Venture Capital Catalyst Initiative

Value

up to $450 million through three new streams

Description

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.

Eligible Applicants

Canadian entrepreneurs

Eligible Expenses

  • Funds-of-funds stream investing up to $350 million in funds-of-funds; Deadline: June 23, 2022
  • 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; Deadline: September 7, 2022
  • Inclusive growth stream investing up to $50 million to support increased access to VC for underrepresented groups, such as women and racialized communities. Deadline: November 30, 2022 (First Round); June 2, 2023 (Sec0nd Round)

Deadline Date

   June 2, 2023 for the second round of the inclusive growth stream.

Contact

Contact Name: VCCI Secretariat

E-mail Address: capital@ised-isde.gc.ca

Website: https://www.ic.gc.ca/eic/site/061.nsf/eng/h_03052.html

Industry: Software/Technology, Location: Alberta , British Colombia , Man , Manitoba , New Brunswick , Newfoundland , Nova Scotia , Nunavut , NWT , Ontario , PEI , Quebec , Saskatchewan , USA , Yukon , Tags: COVID  
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