Closing The Growth Capital Gap

One of the biggest issues small and medium-sized enterprises face is the lack of funding to help facilitate growth. In response to this, Canada's leading financial institutions announced this past spring that they are creating a Canadian Business Growth Fund to help Canadian companies get the capital they need to grow and succeed globally. As discussed previously on StartupSource, up to $1 billion will be invested over the next decade, with average investments ranging between $3 million and $20 million.

Graham Topa, a Director of StartupSource and co-lead of the Startups & Emerging Companies Group at Aird & Berlis, was recently quoted in a Lexpert article that sheds more light on this Canadian Business Growth Fund. According to Graham, "The idea is that the Fund will let businesses mature and ripen over a five- to 10-year period. That's far preferable to a quick exit if what you're trying to do is have companies grow, develop and create jobs in the economy."