The British Columbia government has committed $55 million to four venture capital funds in the hopes the funds, and their partners, will invest much more than that in venture companies in the province.
The money is part of the $90-million B.C. Renaissance Capital Fund announced in 2008, aimed at helping fund B.C. startups in information technology, life sciences, digital media and clean technology.
From Vancouver Sun - http://www.vancouversun.com/business/Victoria+commits+venture+capital+fu...