Immigrant Investor Venture Capital program begins accepting applications
The federal government's Immigrant Investor Venture Capital (IIVC) pilot program, announced in December 2014, will begin accepting applications on January 28, 2015. The application period will be open until February 11, 2015 or until the maximum of 500 applications are received. Under the IIVC program, wealthy business immigrants will contribute to an IIVC fund that will invest in high-growth Canadian innovative companies. The fund, which will be managed by BDC Capital, is expected to raise at least $100 million.
26 January 2015•3 mins read
