Ottawa's VCAP so far leverages $453 mln invested in 126 companies

The Canadian government said its Venture Capital Action Plan (VCAP) has so far benefited a total of 126 Canadian innovative companies. VCAP, launched three years ago to encourage private sector participation in the domestic venture capital industry, raised nearly $1.4 billion for four market-based funds of funds. Investment activity leveraged by the program to date totals $453 million. Ottawa said more investments are expected in the coming years. VCAP is managed by the Business Development Bank of Canada (BDC).

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