New Brunswick Commits $15M To VC Fund
New Brunswick has joined Nova Scotia in a regional venture capital fund supporting emerging companies.
New Brunswick has joined Nova Scotia in a regional venture capital fund supporting emerging companies, CBC.ca reports. The city will allocate $15 million to the fund set up by Nova Scotia in April.The fund will target companies that do not yet have the cash flow to secure financing from traditional lenders. The fund will support companies involved in clean technology, life sciences, IT and other sectors.
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