Ontario gets new early-stage fund to back life sciences spinouts

Ontario has gained a new early-stage, life sciences venture capital (VC) fund. The news: The University of Toronto (U of T), Hamilton’s McMaster University, and the Ontario government have teamed up to finance a new fund focused on seed-stage life sciences spinouts tied to both schools and partner hospitals. The group announced on Wednesday that the Genesys University Seed Fund has already secured a first close of more than $30 million CAD from limited partners (LPs), including U of T, McMaster,