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The revitalization of the Canadian venture capital sector

So what does all of this mean for Canadian entrepreneurs? It means more local capital to better support the most innovative and promising opportunities across the country. It means giving emerging tech category leaders the resources to grow well beyond $100 million in revenue while remaining in our own backyard. It means having the ability to attract the right foreign co-investors for continued global expansion. It means that the proposed $400-million federal initiative will reinvigorate and further support venture capital in Canada. It means that anyone involved in the entrepreneurial ecosystem in the country should have a smile on their face today!

via Chris Arsenault, iNovia Capital,  The revitalization of the Canadian venture capital sector.

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Harper announces $400 million in venture capital

The Canadian government is hoping to increase the funding of young entrepreneurs; and keep them in Canada:

The government’s Venture Capital Action Plan, which was announced in the last federal budget, is making $400 million available to help increase private-sector investments in the next seven to 10 years.

via Global News | Harper outlines plan for more venture capital.