Ottawa invests more than $44 million to bolster cleantech R&D innovation, US President Joseph Biden asks for US $13.5 billion increase in federal R&D spending, the University of British Columbia’s COVID-19 rapid testing clinic to be a first in Canada, and more.
Organization: OMERS Capital Partners
New $50-million VC fund targets Waterloo region
Waterloo’s Tech Capital Partners has raised $50 million to create its second venture capital fund, bringing its capital under management to $85 million. Investors in the seed and early-stage fund are BDC Venture Capital (lead), EdgeStone Capital Partner and OMERS Capital Partners. Tech Capital II LP will consider investors in a range of industry sectors,…