Venture and Growth Capital Catalyst Initiative
Innovation, Science and Economic Development Canada · The Venture and Growth Capital Catalyst Initiative (Growth VCCI) is a federal program through which the Government of Canada invests alongside private sector i…
Overview
The Venture and Growth Capital Catalyst Initiative (Growth VCCI) is a federal program through which the Government of Canada invests alongside private sector investors in venture capital funds and funds-of-funds to support the development of Canada's VC ecosystem and improve access to capital for innovative Canadian companies. The program, announced in Budget 2025 with $1 billion in funding starting 2026-27, operates through three streams: funds-of-funds, life sciences, and emerging managers.
Eligible projects
Investment in venture capital funds and funds-of-funds managed by eligible fund managersSupport for life sciences-focused VC funds targeting Canadian companiesCapital allocation to emerging fund managers including those in non-traditional VC hubsFinancing terms
Government invests alongside private sector investorsFunds-of-funds stream targets up to $700 million allocationThree investment streams: funds-of-funds, life sciences, and emerging managersHow to apply
Additional information
Investments are managed by the Business Development Bank of Canada on behalf of the Government of CanadaProgram announced in Budget 2025 with $1 billion in funding starting 2026-27Does not make direct investments into companies; focuses on fund-level investmentsCurrent round (Growth VCCI) builds on previous iterations: VCCI 2021, VCCI 2017, and Venture Capital Action Plan (VCAP)See how well this fits your business.
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