Ottawa reopens Immigrant Investor Venture Capital pilot program
The federal Immigrant Investor Venture Capital (IIVC) pilot program, announced in December 2014, has reopened for applications for the period May 25 to December 20, 2015. The program, which invites skilled and wealthy business immigrants to contribute to an IIVC fund that will invest in high-growth technology companies based in Canada, was previously open for applications earlier this year. Citizenship and Immigration Canada will process the first 60 applications received, and place the next 60 on a waiting list. The IIVC fund will be managed by BDC Capital and is expected to raise $100 million or more in commitments.
26 May 2015•3 mins read
