British Columbia’s Strategic Investment Fund
On April 27, 2021, BC Premier John Horgan and Ravi Kahlon, Minister of Jobs, Economic Recovery, and Innovation, made an announcement about InBC, a new initiative to help businesses scale up, drive innovation, create family-supporting jobs and position BC as a frontrunner in the post pandemic economy.
A first-of-its-kind $500-million strategic investment fund will provide B.C.-based businesses with capital to position the province as a front-runner in the post-pandemic economy.
The B.C. government has introduced legislation to support the operations of InBC Investment Corp. (InBC), a new $500-million strategic investment fund.
InBC is an independent $500 million strategic investment fund created by the Government of British Columbia, to help promising companies grow, while generating returns that benefit all British Columbians.
The earliest InBC announcement was made on September 17, 2020 as part of StrongerBC, the Province’s Economic Recovery Plan.
Next Steps：
1. Appointing the Board of Directors and passing the legislation；
2. Hiring the CEO, CIO and other employees；
3. Mandate Letter and Investment Policy Statement；
4. Operational by fall 2021 – ready to invest
For more details to apply for this fund, please check:
https://www.inbcinvestment.ca/ https://www.bcbudget.gov.bc.ca/2021 https://strongerbc.gov.bc.ca/ https://cleanbc.gov.bc.ca/
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