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The Business Development Bank of Canada is committing an additional $135-million to its venture fund that supports Canadian clean-technology startups which offer products and services to improve energy efficiency in businesses.
With the announcement scheduled for Wednesday, BDC Capital – the investment arm of the federal small-business bank – is increasing its focus on the clean-tech sector, a move that dovetails with the Liberal government’s effort to capitalize on a global investment boom in energy efficiency and renewable power.
“Canada is good at starting up companies but it has a less-stellar record in scaling up firms” to commercial operations, said Celine Bak,...