Canada’s development lender Business Development Bank of Canada has expanded its defence and security financing program to $6 billion, adding $2 billion amid rising demand from technology firms. The initiative, launched in December, has already provided nearly $92 million to 16 companies through loans, equity investments and advisory services.
BDC said the additional capital will support startups, universities, incubators and accelerators developing defence technologies for Canada and allied markets. The move aligns with Ottawa’s broader effort to strengthen the domestic defence innovation ecosystem and accelerate commercialization of emerging technologies.
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