Ottawa unveils Immigrant Investor Venture Capital pilot program
The Canadian government has announced its new Immigrant Investor Venture Capital (IIVC) pilot program, which is intended to attract experienced business immigrants to Canada. The program, which will begin accepting applications in late January 2015, targets approximately 50 immigrant investors who have a net worth of $10 million and can make a commitment of $2 million for a period of 15 years. Commitments will capitalize an IIVC fund vehicle, which will invest in Canadian innovative startups with high growth potential. The IIVC fund is expected to raise at least $100 million.
16 December 2014•3 mins read
