The Canadian government today announced a $25 million investment into five VC fund managers to support entrepreneurs across the nation as part of a $50 million growth stream of the Venture Capital Catalyst Initiative. Funding will go to Amplify Capital, Pender Ventures, Raven Indigenous Capital Partners, StandUp Ventures, and TandemLaunch Ventures.
“Our government is committed to giving everyone a fair chance at bringing their passion and innovative ideas to the table,” stated Rechie Valdez, Minister of Small Business. “We’re doing this by making more capital available to firms led by women and other members of under-represented communities.”
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