Provincial and federal governments in Canada launch new CAN$100m venture fund.

The Ontario Venture Capital Fund’s (OVCF) successor has been announced and is due to be launched with $100m backing, according to the premier of Ontario Kathleen Wynne.

The Northleaf Venture Catalyst Fund, supported by the Canadian government on both national and a local level, will follow in the footsteps of the OVCF. The OVCF, launched in 2008, has attracted $872m in private sector capital and helped create and retain over 1,500 jobs.

The new fund will be aimed at early-stage…

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