Anyone who deals with the business community in the Atlantic provinces has heard it before — there is a gigantic need for venture capital to help support local entrepreneurs, and there just isn’t enough money to go around.
In reality, the drought in venture capital in Atlantic Canada has improved considerably over the past few years but, when it comes to having a pool of money to support new business ventures, this region can’t have too much of a good thing.
A private investor who has the means to provide capital for promising businesses is often referred to as a venture capitalist. It may be that the Atlantic region is poorer than most in Canada and therefore the wealth that exists here is often spread thin. But, historically, fledgling companies in Atlantic Canada have had a difficult time coming up with the necessary capital to make their businesses succeed.
To read the full, original article click on this link: Invest Atlantic to focus on venture capital - Business - TheChronicleHerald.ca
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