Tech & Gadgets

RBC launches billion-dollar Canadian tech growth fund

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Royal Bank of Canada (RBC) has launched a $1-billion USD fund to support scaling Canadian technology companies, aiming to retain domestic innovation and economic benefits. This initiative addresses the issue of American investors dominating funding for Canadian tech firms, offering strategic partnerships and capital that traditional investors often cannot provide. RBC plans to attract foreign investment at the upcoming Canada Investment Summit, positioning itself as a key player in fostering homegrown tech giants.

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