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2004 Ontario Budget: Government Support for Venture Capital Investment

May-19-2004

Summary


Following the lead of the Federal Government's recent Budget announcement, the Ontario Government Budget of May 18, 2004 reaffirmed the importance of venture capital to economic growth and announced two sources of new funding to encourage venture capital investment in the commercialization of research and development in Ontario.

Venture capital fund managers and Angel investors should remain alert to these developments and the potential opportunities to obtain matching funding for new funds or investments targeting the commercialization of scientific research. 

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