Ottawa has announced $1.75 billion in funding aiming to help keep high-potential startups and scale-up companies from leaving Canada for better investment opportunities.
The federal commitment will be split into two main pillars: a $1 billion in financing to back companies at different stages of their business lifecycles and a $750 million early and growth stage investment strategy, Industry Minister Mélanie Joly said in a press release.
The $750 million strategy will provide $75 million to help businesses in the pre-seed and seed stages get started and secure further funding. The remaining $675 million will be reserved for established companies in their later and growth phases….