# Canada's VC Strategy Starts at Pre-Seed

> Canada's first venture capital strategy backs startups at pre-seed stage with $75m.
- Title: Canada's VC Strategy Starts at Pre-Seed · Financialpost
- Summary: 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…
- Keywords: canada, venture capital, pre-seed, seed stage, naco, government funding, startup, early stage investment, money, business, Canada's, Strategy
- Source: Financialpost — https://financialpost.com/globe-newswire/for-the-first-time-canadas-venture-capital-strategy-starts-at-pre-seed
- Read time: 1 min
- Topics: canada, venture capital, pre-seed, seed stage, naco, government funding, startup, early stage investment, money, business
## 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.
## Key takeaway

Canada's government will direct $75 million to Canadian founders at pre-seed and seed stages to help them stay in the country.