Hard to tell if Canada venture capital fund will work: Reuters
It is hard to tell whether a $400 million Canadian venture capital fund will boost innovation as intended because there are few ways to measure its effectiveness, Reuters reported, quoting the country's top independent watchdog. The previous Conservative government set up the so-called Venture Capital Action Plan in 2013 to stem the loss of young entrepreneurs to the United States and to rekindle investor interest in providing startup funds for new ventures. Auditor General Michael Ferguson, who reports to parliament, said Ottawa had too few tools to measure its success.
3 May 2016•2 mins read
