The creation of two large funds aimed at scaling high-growth tech firms is among the recommendations contained in the second wave of reports from the Advisory Council on Economic Growth. The funds would target what the panel describes as bottlenecks in the innovation ecosystem – early- and expansion-stage companies as well as established small- and medium-sized enterprises (SMEs) with high impact potential.
Person: Dominic Barton
Institutional investors take aim at structural barriers to help companies scale
Several of the country’s largest institutional investors are finalizing an action plan that, if adopted, could halve the $4 billion capital gap that exists today for Canada’s rapidly expanding pipeline of early- and growth-stage companies.