The Business Development Bank of Canada’s venture capital group (BDC VC) has invested over $1.2 billion to support 465 different Canadian technology companies over the past 25 years. Its aim has been, per the BDC Act, to play a complementary role by helping to fill gaps in the industry, while demonstrating the potential of Canada’s technology entrepreneurs.
BDC has delivered on public policy objectives and Canadian technology entrepreneurs recognize the key role BDC plays in venture capital investing. however, BDC VC experiences many of the same pressures and performance issues as other market participants, and BDC VC’s financial results are largely comparable.
Given this, a strategic review of BDC VC’s activities was launched in the spring of 2010 to:
- understand the state of the venture capital industry in Canada;
- assess BDC VC’s impact; and
- develop a strategy for BDC VC to increase its effectiveness as an industry catalyst.
To read the full, original article click on this link: VC_Industry_Review_EN.pdf (application/pdf Object)