Newfoundland Unveils VC Plans
The Newfoundland and Labrador government today unveiled a two-track policy to increase the equity funding of companies in Canada’s most easterly province.
Premier Paul Davis announced the program in a statement, confirming the previous announcement that the government of Newfoundland and Labrador would commit $10 million to Build Ventures, the Atlantic Provinces’ venture capital fund created last year.
The Premier also said the government would invest $10 million in the new Venture Newfoundland and Labrador, a private-public fund that will provide seed financing for young startups in