Transcript—Venture Capital Catalyst Initiative (VCCI)
Venture Capital Catalyst Initiative
[Image shows a graphical representation of a person in a business suit with a cityscape in the background]
Canadian entrepreneurs from all walks of life have great ideas, amazing concepts and endless potential.
[The character waves, then raises both hands in the air. Above the character's head appears a red balloon with a lightbulb inside. The character grabs the balloon and begins to inflate it.]
But to create a world-class business, it also takes money, experience, mentorship.
[The character is now holding the balloon on a string. The lightbulb inside is flickering. The image zooms in to show a tanker truck. On the side of the truck are the words "VC Funds" and a blue stripe.]
That's why we're launching the Venture Capital Catalyst Initiative with the Business Development Bank of Canada, making $400 million available to high-growth firms and start-ups.
[The image zooms out to show the tanker truck next to a skyscraper, with a cityscape in the background. The image zooms out further to show the character holding the balloon and standing beside the tanker truck. The tanker truck hose connects to the red balloon, which gets bigger and bigger. Another VC Funds tanker appears and continues to supply the red balloon, making it bigger, and a final VC Funds tanker truck appears, pumping something into the balloon and making it huge!]
We’re addressing diversity, gender balance, emerging managers and new models in all parts of the country, in all sectors of the economy, to help businesses raise the capital they need to make their ideas take off.
To build industry, create middle-class jobs and make Canada an innovation leader!
[The character and the balloon lift up into the sky, going higher and higher above the mountains and into the clouds. As they climb, two other characters are seen in the distance with their own balloons. The image zooms out to show a map of Canada with several other coloured dots (balloons) appearing across the map.]
[The main character moves across the screen as the balloon fills the entire frame. Fade to white]