Investors urge action to close Canada's $4 bln growth capital gap
A report by the Advancing Innovation Roundtable, an investor-led working group funded by TMX Group, argues that a capital gap for growth-stage companies is inhibiting Canada's innovation economy and must be closed. Salil Munjal, the roundtable's chair, said the gap, estimated at $4 billion, can be addressed with "immediate actions" involving both private and public-market players. The report proposes several recommendations, targeted to institutional capital, public markets and ecosystem foundations. They include renewal of Ottawa's Venture Capital Action Plan and creation of an Innovation Growth Fund to facilitate institutional investment.
21 February 2017•3 mins read
