Vancouver Tech Journal

Vancouver Tech Journal

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Vancouver Tech Journal
Vancouver Tech Journal
BC’s $500M fund: Province shares mandate, roadmap for InBC

BC’s $500M fund: Province shares mandate, roadmap for InBC

The government "not seeking the conventional quick returns and exits of venture capital, for example, 15-20% returns and a 4-7 year exit;" instead, wants to provide patient capital.

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William Johnson
Apr 27, 2021
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Vancouver Tech Journal
Vancouver Tech Journal
BC’s $500M fund: Province shares mandate, roadmap for InBC
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“InBC is a gamechanger,” said Ravi Kahlon, Minister of Jobs, Economic Recovery and Innovation, earlier today, as the government announced details on InBC Investment Corp., the organization that’s been setup as a $500 million Strategic Investment Fund. Minister Kahlon also formally introduced legislation that will convert the InBC Investment Corp. into a…

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