Canadian VC industry hails federal funding boost, but timing and early-stage gap remain concerns

The federal government shared hotly anticipated details on how a $1.75-billion commitment would be distributed to the Canadian venture capital industry in Toronto today. While Canada’s VC investors largely welcomed the announcement, some cautioned that they’d still like to see more financial support for the country’s early-stage startups, while others wondered how much longer they would still have to wait for the new funding to trickle down into the market. The VC strategy includes two main tene