The Business Development Bank of Canada (BDC) has launched its second Industrial Innovation Venture Fund, capitalized at $200 million, to invest in early-stage Canadian companies modernizing legacy industries.
Building on the first $250 million fund established in 2019, which supported more than 20 firms such as Acerta Analytics and MineSense Technologies, the new fund expands its mandate to include critical minerals. These resources, essential for semiconductors, batteries, and other strategic technologies, are increasingly seen as vital to Canada’s sovereignty and economic ambitions amid China’s sector dominance. The initiative reaffirms BDC’s role as Canada’s largest venture capital investor.
Want to know more? Check out the source code on The Logic.