Canada reveals breakdown of $750-million VC funding envelope

The Canadian government detailed how it will split its $750-million CAD early and growth-stage envelope: $675 million for later-stage and growth companies, $75 million for pre-seed and seed. It also opened expressions of interest for the $1-billion Growth VCCI, with both programs managed by BDC and expected to attract at least $3.8 billion in private capital.

• $675 million of the $750 million goes to later and growth stages, $75 million to pre-seed and seed
• The $1-billion Growth VCCI includes $700 million for fund-of-funds, $200 million for life sciences and $100 million for emerging managers
• Expressions of interest for the first Growth VCCI stream are open until January 21
• Capital may take 12–18 months to reach fund managers and startups