Export Development Canada (EDC) proven to be the bankers of Canadian pension funds, private equity firms and PE backed firms in the first 7 months of 2023
VCAP and VCCI 2017, administered by BDC Capital, approved to have questionable impact to Canadian VC industry with many unanswered questions. With political agenda and restrictions, VCCI 2022 is stumbling out of the gate. It remains to be seen how VCCI 2022 will make impact.
General Fusion raised US $25M in combined 1st close of Series F led by BDC Capital and GIC and grants from Government of British Columbia and Canadian Government's Strategic Innovation Fund (SIF)
BDC launched $30 million financing envelope, in partnership with Telefilm Canada, to support for Canada's creative and cultural economy.
Chris Bryson's New School Foods secured US $12M in seed funding from Lever VC, Blue Horizon, Hatch, Good Startup, Alwyn Capital, Joyance Partners, and grants from multiple agencies, including Protein Industry Canada.
KA Imaging secured funding from INOVAIT through Government of Canada's Strategic Innovation Fund, and strategic investment and technology development agreement with In-Q-Tel.
Oren Singer and Gavin Servai founded Sparrow Living received $1M in funding for its homesharing platform, $500K each from Accenture and Government of Canada (National Housing Strategy Innovation Programs).
Samer Abughannam's Layla Care obtained funding from BDC Capital's Growth and Transition Capital, FedDev Ontario's Southern Ontario Fund for Investment in Innovation (SOFII), delivered by Community Futures Eastern Ontario (CFEO).
Government of Canada invests $553.1M over 5 years in Pacific Economic Development Canada (PacifiCan), a new federal regional economic development agency solely for BC. Western Economic Diversification Canada is renamed as Prairies Economic Development Canada (PrairiesCan) focused on AB, SK and MB.
Canada Infrastructure Bank (CIB) to loan up to $400M to City of Brampton in supporting Brampton Transit's purchase of up to 450 zero-emission buses (ZEBs) by 2027.
Canada Infrastructure Bank, Transport Canada and Government of Quebec to provide over $91M to Tshiuetin Rail Transportation Inc. and Tshiuetin LP to modernize first Indigenous owned and operated railway
Canada Infrastructure Bank (CIB) committed up to $400M in support of City of Ottawa's OC Transpo's adoption of 450 zero-emission buses (ZEBs) by 2027
Canada Infrastructure Bank (CIB) invests $14.4M to enable Edmonton Transit Service (ETS) to purchase 20 new zero-emission public transit buses (ZEBs).
Swiss Water Decaffeinated Coffee secured additional $25M under existing senior debt facility with BDC and new lender, Farm Credit Canada and amended Mill Road Capital debenture agreement.
Canada Infrastructure Bank to invest up to $170M in the $500M energy storage project managed by Oneida Energy Storage LP, partnership between NRStor Inc and Six Nations of the Grand River Development Corporation