BC’s $500M fund: Province shares mandate, roadmap for InBC

The government "not seeking the conventional quick returns and exits of venture capital, for example, 15-20% returns and a 4-7 year exit;" instead, wants to provide patient capital.

“InBC is a gamechanger,” said Ravi Kahlon, Minister of Jobs, Economic Recovery and Innovation, earlier today, as the government announced details on InBC Investment Corp., the organization that’s been setup as a $500 million Strategic Investment Fund. Minister Kahlon also formally introduced legislation that will convert the InBC Investment Corp. into a…