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Ottawa picks six funds for $50M program to boost life-sciences venture capital.

Authors :
Hemmadi, Murad
Source :
Logic (Logic Inc.); 4/25/2023, p5-5, 1p
Publication Year :
2023

Abstract

The article discusses The Canadian federal government will allocate 50 million U.S Dollars to six managers in the life-sciences sector, aiming to increase capital availability for the country's innovation ecosystem. The selected firms, including AllosteRx Advanced Therapies, Amplitude Ventures, CTI Life Sciences Fund, Sectoral Asset Management, Genesys Capital, and Pender Ventures, will raise matching private-sector capital and invest at least 70 percent of their funds in Canadian companies.

Details

Language :
English
Database :
Complementary Index
Journal :
Logic (Logic Inc.)
Publication Type :
Periodical
Accession number :
163400639