The provincial government wants to set up a venture capital fund for green technology and science entrepreneurs in the region.
Nova Scotia is looking to form a privately operated venture capital fund targeting clean technology companies in Atlantic Canada, Premier Darrell Dexter announced at the Power of Green Conference in Halifax on Monday.
The province is willing to start the fund with part of its $30-million investment in the Nova Scotia First Fund made last year.
The venture capital fund will invest in knowledge-based companies that have potential to grow but do not have the cash flow to secure financing from traditional lenders, Dexter told about 240 delegates at the conference.
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Author: JUDY MYRDEN
