Canada: Federal government names six funds to distribute
$50 million VCCI life science financing
  • 2023-08-17
  • Entrepreneurship Research Center on G20 Economies
  • Edit
  • The federal government has named six funds that will be responsible for doling out the $50 million slotted for the life science stream of the renewed Venture Capital Catalyst Initiative (VCCI).

    The government renewed its commitment to VCCI in Budget 2021, promising $450 million across three streams. The three streams are funds-of-funds, life science, and inclusive growth. The life science stream was promised $50 million as was the inclusive growth stream.

    The VCCI program was first created in 2017 as a successor to the Conservative government’s venture-capital action plan (VCAP), which was launched in 2013. Budget 2017 earmarked $400 million over three years for the VCCI program.

  • Partners

  • Global Health Innovation Center (GHIC)
  • World Intelligent Incubation Network (WIIN)
  • National University of Singapore
  • Canada-China Institute For Business & Development
  • TusPark Research Institute for Innovation
  • Cross-strait Tsinghua Research Institute
  • Tsinghua X-Lab

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