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ARTICLE · 30 APRIL 2020

Supporting Canadian Startups: BDC Launches $150-Million Bridge Financing Program

Davies Ward Phillips & Vineberg LLP
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BDC Capital (BDC) announced on April 9, 2020, that it is launching the BDC Capital Bridge Financing Program, an investment matching program designed to support Canadian startups impacted by COVID-19.

CanadaCorporate/Commercial Law
Brooke Jamison
Brooke Jamison
Sarah Elharrar
Sarah Elharrar
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BDC Capital (BDC) announced on April 9, 2020, that it is launching the BDC Capital Bridge Financing Program, an investment matching program designed to support Canadian startups impacted by COVID-19. The program will allow BDC to match up to an aggregate of $150 million in current financing rounds being raised by eligible Canadian startups.

While BDC has not published any official guidelines on the program, based on information provided by BDC to members of the Canadian Venture Capital and Private Equity Association during a recent webinar, the key features of the program are set out below.

What is an eligible Canadian startup?

In order to be eligible to participate in the program, a startup must:

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