Value
up to $450 million through three new streamsDescription
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