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C.D. Howe Institute Says Governments Need to Get Their Act Together on Venture Capital Policy
Wednesday, February 1, 2017
“It's crucial governments get venture capital policy right as it is a key ingredient to a successful innovation agenda.”
Vancouver, BC, February 1, 2017--(T-Net)--Governments across Canada need to reform their approach to venture capital policy, according to a new report from the C.D. Howe Institute.
In “Government Intervention in Venture Capital in Canada: Toward Greater Transparency and Accountability,” author Richard Rémillard argues that improving the quality of venture capital policy will provide a win-win outcome for the wider public, government and the venture capital industry itself.
“There are a plethora of government agencies, programs and tax incentives for venture capital that have mushroomed over the years,” commented Rémillard. “Unfortunately, the general public, media and legislatures do not fully appreciate the breadth and depth of governments' venture capital initiatives largely because these policies are multi-faceted and relatively hidden from scrutiny.”
After first providing an overview of government venture capital policy in Canada, the author provides a comprehensive suite of actionable recommendations that, if adopted, will better position Canada to take advantage of its investments in the technological revolution that is underway throughout the economy, according to the organization.
Those recommendations include:
Rémillard concluded: “It's crucial governments get venture capital policy right as it is a key ingredient to a successful innovation agenda.”
Click here for the full report.
About the C.D. Howe Institute
The C.D. Howe Institute is an independent not-for-profit research institute whose mission is to raise living standards by fostering economically sound public policies. Widely considered to be Canada's most influential think tank, the Institute is a trusted source of essential policy intelligence, distinguished by research that is nonpartisan, evidence-based and subject to definitive expert review.
For more information contact:
Richard Rémillard, President, Remillard Consulting Group and formerly Executive-Director, Canadian Venture Capital and Private Equity Association: 416-865-1904 or email: kmurphy@cdhowe.org.