Archived - Government Invests to Help Innovative Businesses Access the Capital They Need to Grow and Succeed

December 22, 2014 – Ottawa, Ontario – Department of Finance

Finance Minister Joe Oliver today announced that Relay Ventures III has been selected as one of the high-performing venture capital funds to receive $15 million under the Government’s Venture Capital Action Plan (VCAP).

Relay Ventures III is a fund focused on investment opportunities in the information and communication technologies sector. This latest investment is part of the Government’s commitment to invest $50 million in a few high-performing venture capital funds to help innovative businesses access the capital they need to grow and succeed.

The Government is investing in Relay Ventures III on the recommendation of the Venture Capital Expert Panel, which was established to provide advice on the VCAP, including the selection of the high-performing venture capital funds to receive a direct investment from the Government. The Expert Panel conducted its evaluation through a fair and competitive selection process.

Nicholas Bergamini
Press Secretary
Office of the Minister of Finance

Stéphanie Rubec
Media Relations
Department of Finance

Page details

Date modified: