From Financialpost · · 50s
Ottawa Promises $1.75 Billion for Canadian Startups
Canada's government pledges $1.75 billion to support homegrown tech and startups.
In brief
Canada's government pledges $1.75 billion to support homegrown tech and startups. The federal government will invest $1.75 billion to keep Canadian startups in the country through targeted funding for early-stage and growth-stage businesses. Originally reported by Financialpost.
Government Investment Plan
The federal government says it will invest $1.75 billion to support startups and keep them in the country.
Early-Stage Funding
The first part of the plan directs $75 million towards pre-seed and seed-stage companies in R&D-intensive sectors.
Growth-Stage Funding
The plan allocates $675 million for later- and growth-stage businesses to scale their operations.
Venture Capital Catalyst
Ottawa will provide $1 billion starting in fiscal 2026 to 2027 for venture capital funds supporting Canadian companies.
Industry Response
Canadian tech leaders say the new investments will improve access to domestic capital for homegrown startups.
The takeaway
The federal government will invest $1.75 billion to keep Canadian startups in the country through targeted funding for early-stage and growth-stage businesses.
