VCAP so far leverages $886 mln invested in Canadian innovation: CVCA
Ottawa’s Venture Capital Action Plan (VCAP) program has so far leveraged $886 million in total investment in Canada's innovation ecosystem, according to data compiled by the Canadian Venture Capital and Private Equity Association (CVCA). VCAP, launched in 2014, saw Ottawa invest $340 million to help privately-managed funds-of-funds raise $1.4 billion, $904 million of which came from private sources. VCAP-supported venture capital funds have so far invested $481 million in 163 technology companies and contributed to strong market growth in 2016, the data showed. CVCA said it will be important for the 2017 federal budget to include details of a follow-up VCAP program.
23 January 2017•4 mins read
