Fuelling Canada’s innovation ecosystem requires that our industry continues to have access to both a growing stream and diverse sources of capital. While great strides have been made in this regard, more is required to ensure our industry establishes long term sustainability and resiliency. Thus, government must continue to engage the industry as a strategic investor. The Venture Capital Action Plan (VCAP) and the Venture Capital Catalyst Initiative (VCCI) have been very successful programs.
Both programs have attracted significant levels of private sector investment while providing a net positive return to taxpayers. The CVCA strongly supports the creation of a third venture capital program to build on the success of VCAP and VCCI, as well as exploring how to attract more diverse sources capital to this asset class.
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