BDC outlines how it will deploy $1B from Defence Platform into funds and startups

Business Development Bank of Canada detailed how it will spend $1B of its $6B defence platform: $500M goes to the Defence Fund for Canadian and allied venture and private funds, and the StrongNorth Fund is increased from $300M to $500M. The first investment is $525M in Intrepid Growth Partners.

• Defence Fund gets $500M for defence and dual-use tech funds
• StrongNorth Fund raised from $300M to $500M for direct investments
• Platform grew from $4B in December to $6B in March
• Priorities: aerospace, sensors, space, autonomous systems