Tech & Gadgets

BDC outlines how it will deploy $1 billion from its Defence Platform into funds and startups

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The Business Development Bank of Canada (BDC) will deploy $1 billion from its Defence Platform into defense tech funds and startups. This includes a $500 million Defence Fund for venture capital and a $500 million StrongNorth Fund for direct investments. This initiative aims to bolster Canada's defense industrial strategy by supporting companies in areas like AI, autonomy, and advanced materials, addressing a critical need for capital in the sector.

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