What Ottawa Can Do

Injecting more public money into the venture capital industry will not on its own ensure success, say University of British Columbia’s James Brander and Thomas Hellmann, and IRPP’s Tyler Meredith. The authors argue that, as the federal government allocates $400 million in new support for venture capital, it must avoid the past pitfall of using the money to meet political goals. It must embrace a system that promotes competition and performance, and work with the provinces to transform how governments support venture capital.