More governments in Canada seem to be dipping their toes into the venture capital business. The most recent to test the waters is the Province of Ontario, which said Tuesday that it’s investing up to $50 million in a venture capital fund.
According to the province, the fund is designed to help innovate startups and other emerging companies secure financing to grow their businesses and create jobs in Ontario. The hope is to grow the fund to as much as $300 million over time by leveraging the participation of private investors.
To read the original article: Ontario invests $50 million in new venture capital fund | IT Business
