Canadian VCs who rely on the Crown corporation have feedback on its “steady hand” approach. Who’s listening?

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Candian VCs who rely on the Crown corporation have feedback on its “steady hand” approach. Who’s listening?

In 2022, the federal government commissioned a report asking Canada’s VCs what they thought about BDC, the Business Development Bank of Canada.

The report offers a candid evaluation of the Crown corporation and Canada’s largest direct and indirect venture capital investor, but here’s the thing: the report was effectively forgotten, and its recommendations were never actioned. Few people even know it exists!

But BetaKit obtained the report and revealed its contents to the world. Reporter Madison McLauchlan, who broke the story for BetaKit, joins to discuss the report and the questions surrounding it.