Few would disagree that Canada needs venture capital to ensure its long-term economic health, helping to turn innovative ideas into viable companies that generate jobs and new technologies.
But the latest data from Canada’s Venture Capital & Private Equity Association suggest talk is cheap.
While the amount of overall venture-capital investment and the number of deals were both up in the first quarter of 2013 from a year earlier, the amount of new capital raised for future investment fell 44% to 381 million Canadian dollars ($375 million), according to the industry group. This suggests that, while there’s no shortage of demand for VC money, the industry’s ability to take advantage of new investing opportunities could be at risk unless it starts attracting more funding.
To read the original article: Nothing Ventured, Nothing Gained - Wall Street Journal - WSJ.com
