News Summary

BDC Capital has announced the launch of two new venture capital funds aimed at supporting businesses in the defence industry. This includes a defence-focused successor to the Deep Tech Venture Fund and another to advise and support companies entering the defence market for the first time. The move follows the Québec government agency Investissement Québec’s decision to lift restrictions on defence funding. BDC Capital’s executive VP, Geneviève Bouthillier, emphasized the importance of consistency in allowing GPs to fund companies involved in military-related products. The initiative is part of a broader effort to keep Canadian tech firms competitive and prevent them from leaving the country.