From Financialpost · · 50s
Canada's VC Strategy Starts at Pre-Seed
Canada's first venture capital strategy backs startups at pre-seed stage with $75m.
In brief
Canada's first venture capital strategy backs startups at pre-seed stage with $75m. Canada's government will direct $75 million to Canadian founders at pre-seed and seed stages to help them stay in the country. Originally reported by Financialpost.
New strategy starts at pre-seed
Canada's venture capital strategy begins at pre-seed stage for the first time.
Government funds pre-seed and seed
Government will direct $75 million to domestic startups at pre-seed and seed stages.
First cheque decides location
Early investment often determines where a company builds its future.
Verafin example
St. John's fraud detection company grew into $2.75 billion firm with local angel investment.
Rojas on local angels
Local angels help startups grow into global companies through early capital.
Next steps for strategy
NACO will convene angel networks to shape early-stage investment strategy.
What matters most
Canada's government will direct $75 million to Canadian founders at pre-seed and seed stages to help them stay in the country.
