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MSP Corp secures $35 million from BDC Capital, CIBC to fuel acquisition efforts

MSP Corp Investments, a Canadian company focused on acquiring and partnering with managed service provider (MSP) businesses in the information technology (IT) sector, has…

BDC Capital launches new $300 million Growth Venture Co-Investment Fund

BDC Capital has announced the launch of a new $300 million CAD growth-stage venture fund as part of the organization’s “expanded strategy” to scale…

BDC Capital launches second $250 million growth equity fund

BDC Capital is launching another $250 million CAD growth equity fund to help mid-market Canadian companies scale. Through the new fund, BDC Capital, the…

BDC Capital launches $200 million fund to bolster Canada’s deep tech ecosystem

BDC Capital has announced the creation of a new $200 million CAD fund designed to invest in and support early-stage Canadian deep tech companies….

BDC survey reveals impact of COVID-19 on entrepreneurs’ mental health

A new report from the Business Development Bank of Canada (BDC) has revealed data on the COVID-19 pandemic’s alarming impact on entrepreneurs. The report,…

NRC IRAP, BDC look to align funding programs to support Canadian tech businesses

The National Research Council of Canada (NRC) and the Business Development Bank of Canada (BDC) have revealed plans to partner in order to better…

EnergyX raises $1 million from BDC Capital to fuel US expansion

Toronto-based cleantech startup EnergyX Solutions, which produces software to help businesses and consumers improve energy efficiency, has raised $1 million CAD, bringing the company’s…

VC division makes up almost half of BDC’s $218 million net loss for 2020 fiscal year, amid COVID-19 volatility

The Business Development Bank of Canada (BDC) doled out $7.4 billion in loans in the fiscal year 2020, an increase of 2.5 percent over…

BDC commits $160 million to fund IP development in Canada

BDC Capital has committed $160 million in intellectual property (IP) development financing to support IP-rich companies scaling in Canada. This financing is intended to…

Details on EDC, BDC issuing larger loans to medium-sized businesses through expanded BCAP

The Business Development Bank of Canada (BDC) and Export Development Canada (EDC) are offering new programs to support medium-sized businesses under the expanded Business…

BDC Capital reveals more details on investment matching program for VC-backed companies

BDC Capital has revealed more details about its Bridge Financing Program that was announced earlier this month. The goal for the program is to…

Applications for emergency co-lending begin to open as BDC finalizes program

The Business Development Bank of Canada (BDC) has finalized details of the $20 billion co-lending program, which is part of the federal government’s Business…

BDC survey says 90 percent of Canadian entrepreneurs feel negative impact of COVID

A survey conducted by the Business Development Bank of Canada (BDC) has found that while the level of worry around COVID-19 has decreased over…