Scale Up Ventures, launched with $25m of private and up to $25m of public funding, will provide corporate access as well as capital at pre-series A stage.

Representatives from more than 30 Canada-based organisations have joined a $50m fund dubbed Scale Up Ventures that will look to leverage corporate assistance to invest in startups.

Executives from corporates including automotive parts manufacturer Magna International, telecommunications firms Bell and Rogers Communications, steel maker Corus, communications technology company Aastra Technologies and industrial product supplier GE Canada are among the members of Scale Up’s leadership council.

Scale Up is being launched with up to $25m from the government of Canadian province…