Starting in July, the Ontario government will run a fund to begin investing in clean technology, life sciences, and digital media and communications technology companies.
The money will be doled out over five years and the fund will match small to medium private-sector investments and receive an interest in the companies it backs.
News of the fund comes about a month after a report that found that financing activity in Canada's venture capital market dropped to its lowest level in 12 years in 2008 as the economic downturn choked the flow of funds to small start-up companies.
If you want to raise capital, read Money Magnet to learn how to get the cheque books opening. Read more at Reuters.
4 comments:
I'm all for funding new ventures but there are a number of companies, especially those that are positioning for the clean technology (say wind or solar) that don't have their books in order today. In the power generation industry for example many generators and distributors can do a much better job of asset management, increasing their utilisation and reducing their costs....the distribution of funds should be conditional on the receiving organizations current behaviour with their existing technology - we don't want to be funding 'old habits'.
Michael
....private equity does a much better job of that (assessing organizations, identifying gaps, addressing issues) then many government organizations... I've given out more than a few copies of Money Magnet to clients to help them prepare for their next round of fund raising ...
Michael
no kidding about private equity! Thank ou for the support with Money Magnet but it does give all the information on how to get money.
I think the real stimulus package to watch is private equity.
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