Investment: New Brunswick should set up venture and community funds, as Nova Scotia has, to increase amount of money that flows to emerging businesses in province, executive says
HALIFAX - New Brunswick should follow Nova Scotia's lead in eyeing
the creation of a $50-million venture capital fund, says the head of
Dieppe-based Azura Ventures Ltd.
Denis Lanteigne says New Brunswick should set up a similar venture fund - and also copy Nova Scotia's Community Economic Development Investment Fund program - to increase the amount of money that flows to emerging businesses in the province.
"It is a critical issue that government has the ability to address," said the CEO of Azura, which in only a short time has pooled close to $750,000 in investor money. "It's proven that jurisdictions with access to venture and risk capital develop faster than regions without."
On Thursday, a report from Moncton scholar
Donald S
To read the full, original article click on this link: nbbusinessjournal.com - Call for local venture capital fund | QUENTIN CASEY - Breaking News, New Brunswick, Canada
