BioCentury
ARTICLE | Finance

Northern exposure

Canada to use C$400M, financial incentives to boost its VC sector

February 4, 2013 8:00 AM UTC

Canadian VCs are hoping to benefit from a government initiative that will provide money to support their funds and attract institutional co-investors by offering as yet undefined financial incentives.

Peter van der Velden of Montreal's Lumira Capital said the country's VCs are facing a cash crunch because the amount of available capital has fallen even more steeply than the number of firms...