Ontario To Invest Up To $50M in Life Sciences Venture Capital Funds
Today, Ontario announced it will invest up to $50 million in venture capital funds focused on life sciences.
The Ontario Capital Growth Corporation (OCGC) has issued an expression of interest to identify fund managers to partner with other institutional investors such as corporations, banks and pension funds. Ontario's new life sciences venture capital fund is designed to respond to the challenges faced in raising capital by innovative, high-potential life sciences companies to scale up and reach global markets.
Click here to read the full release from the Ministry of Research and Innovation.