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ARTICLE · 20 FEBRUARY 2014

Federal Budget 2014: Canada Invests An Additional $40 Million In Entrepreneurship

On Tuesday February 11, 2014, Finance Minister Jim Flaherty presented the Canadian federal budget for fiscal year 2014-2015.

CanadaGovernment, Public Sector

On Tuesday February 11, 2014, Finance Minister Jim Flaherty presented the Canadian federal budget for fiscal year 2014-2015. The budget proposes to provide an additional $40 million over four years to the Canada Accelerator and Incubator Program ("CAIP") starting in 2015-2016. The organizations that will receive the incubator financing will be announced in the coming months.

The Federal Government launched CAIP in September 2013 as part of the Venture Capital Action Plan. In last year's budget, the government allocated $60 million over five years to CAIP. This brings the total federal funding for CAIP to $100 million.

The relevant portion of the 2014 federal budget can be found here.

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