Budget 2025's Venture and Growth Capital Catalyst Initiative (Growth VCCI) commits $1 billion on a cash basis, managed by BDC, starting in fiscal year 2026-27. It runs three streams: a funds-of-funds stream to pull in institutional and pension capital, a life sciences stream, and an emerging manager stream aimed at fund managers in strategic sectors and outside the traditional Ontario-BC-Quebec hubs.
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Ottawa launches $1B BDC Growth VCCI to expand Canadian VC in 2026 to 27
Why this matters for founders
Founders raising seed or Series A should track BDC-backed emerging and life sciences managers coming online in 2026-27, especially teams outside Toronto, Vancouver, and Montreal where the emerging stream deliberately adds new VC capacity. Get on the radar of these new funds early as they deploy fresh government-anchored capital.
Source: Innovation, Science and Economic Development Canada (ISED)
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