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> If Canada wants to do something for startups, they should setup a sovereign wealth fund that does early stage investment in Canadian companies -- and then it
by benjaminfox 11y ago
> If Canada wants to do something for startups, they should setup a sovereign wealth fund that does early stage investment in Canadian companies -- and then it should actively help make those companies successful.
The Business Development Bank of Canada (a financial institution owned by the federal government) actually does this - it has a venture fund that's one of the largest in Canada.
http://www.bdc.ca/EN/bdc-capital/venture-capital/strategic-approach/Pages/it-venture-fund.aspx http://www.bdc.ca/EN/bdc-capital/venture-capital/strategic-a...