Eligibility for the Venture Capital Catalyst Initiative

Applicants were evaluated on a number of factors based on the stream for which they applied. Both streams included criteria on investment strategy, management capabilities, fundraising strategy, and overall impact on the Canadian venture capital ecosystem. All applicants were required to meet minimum thresholds of Canadian presence and investment levels, and to adhere to a detailed code of conduct and reporting requirements.

In line with the Government's objectives, VCCI included a comprehensive focus on enhancing diversity and increasing the participation of women across the venture capital ecosystem. All applicants were expected to demonstrate how their strategies advanced these objectives. Successful candidates are required to report on the gender balance of the fund managers and entrepreneurs they support.

Detailed instructions on the application, submission, and selection process can be found in the Call for Expressions of Interest.

The Call for Expressions of Interest is now closed.

Proposals that met all of the mandatory evaluation requirements were evaluated and scored under the point-rated evaluation criteria identified in the evaluation grid in the Call for Expressions of Interest.

Through VCCI, the Government sought to build a portfolio of large funds-of-funds and alternative models that strengthen and broaden the Canadian venture capital ecosystem and increase the availability of late-stage venture capital over time. The VCCI Selection Committee was asked to provide its advice and recommendations on the applicants in relation to their relative scores, their impact on the ecosystem, and their fit in the overall portfolio.

Date modified: