Despite a 34-per-cent drop in this quarter, venture capital activity in Quebec is growing at a healthy pace, an association of investors says.
Réseau Capital, which represents private equity and venture capital firms in the province, yesterday unveiled its quarterly report, which revealed $101 million was invested by venture firms into emerging or growth companies in the first three months of 2010, down from $153 million over the same period last year.
The association noted, however, last year's first-quarter results were higher than normal, and this quarter's figures better reflect the quarterly average over the last two years.
To read the full, original article click on this link: Quebec venture capital market dips 34%
