The Canadian Press/Justin Tang
News

After a year of delays, federal government opens applications for its $450M venture-funding program

The federal government released a call for proposals Wednesday afternoon for the second cycle of the Venture Capital Catalyst Initiative, the program through which it seeds a substantial number of Canada’s venture funds with public money. The $450 million in new funding comes as tech stocks plummet, interest rates rise and economic uncertainty slows investment in startups and scale-ups. Here’s what you need to know:

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