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The federal government is soliciting interest from private parties that want to team up with Ottawa on its initiative to boost venture capital investments.

After the government first announced it would set aside $400-million to invest in Canadian startups as part of the 2012 federal budget, there were almost no developments for a year. This month, however, Ottawa finally opened up submissions for potential partners and it also relayed some more information on how the initiative will function.

To read the original article: Ottawa aims for $1.2-billion in venture capital funds - The Globe and Mail