Canada's new Liberal government has set out an Innovation Agenda and has been preparing support measures for local corporate venturing after research by Global Corporate Venturing* showed its relative underperformance compared to other countries.
Canada could start a second funds of venture capital funds (FoF) support program in its next federal budget allied to support for corporate venturing.
An insider in Canada’s federal government said he was preparing for a repeat of its Venture Capital Action Plan at the end of its financial year in February and March, while other governments had been asking its advice as to how to set up similar programs.
Introduced in 2013 by the former government,…
