Four early-stage Canadian tech firms led and co-led by women met key Chinese customers in a pioneering week-long trade mission to China in April organized by the Business Development Bank of Canada. The mission allowed artificial intelligence-driven software companies Irystec, Zighra, Miovision and Fluent.ia to meet major Chinese business partners and institutional investors in Beijing, … Read more
The Business Development Bank of Canada is financing $325,000 in loans to be given by Rise Asset Development to support entrepreneurs with mental health and addiction challenges. The amount will be disbursed over two years in the form of loans of $5,000 to $10,000. The financing will allow Ontario-based Rise to expand its program to … Read more
The Business Development Bank of Canada has signed a pioneering partnership with Women’s Enterprise Organizations of Canada to better support women entrepreneurs. WEOC members have developed innovative programs to help women at all business stages. The partnership will allow BDC to engage more closely with five WEOC member organizations and the growing 90,000 women business … Read more
BDC Capital is pleased to announce that it has completed over $57 million in minority equity investments in high-growth mid-sized Canadian businesses. These investments are part of the bank’s commitment, announced in June, to invest $250 million in growth equity over the next five years to help mid-sized firms scale in size. “We are pleased with … Read more
Higher-than-expected economic growth in 2017 will fuel Canadian business confidence in 2018, leading to a jump in planned investments by small and mid-sized enterprises, says a new BDC study. The study finds SMEs plan to make $140.5 billion in investments this year, a 3 per cent increase over 2017, mainly to support their growth. “The findings are … Read more
Canadian business owners are getting exclusive access to an online budgeting and financial forecasting tool thanks to a new partnership between BDC and BUDGETO. “BDC is always looking for new ways to help entrepreneurs improve their ability to manage their business and address the challenges they face day to day,” says Michel Bergeron, BDC’s Senior Vice … Read more
BDC announced that it will be committing an additional $20 million to its Women in Tech investment program, bringing the total size to $70 million, to be invested over five years. “BDC has a bold vision: To foster the creation of the next generation of successful Canadian women technology entrepreneurs,” says Michelle Scarborough, Managing Director, Strategic Investments and … Read more
BDC’s most recent study, Future-Proof Your Business: Adapting to Demographic and Technology Trends, identifies six major emerging changes that are fundamentally reshaping Canada’s business environment. The study’s key findings were revealed today, during a BDC Small Business WeekTM kickoff event, co-hosted by Facebook Canada. “Our survey clearly shows that businesses can’t afford to ignore the major changes … Read more
BDC Capital, the investment arm of BDC, announced that it has completed a $10-million minority equity investment in Rx Drug Mart, alongside Persistence Capital Partners and RxDM’s other existing shareholders. The investment was made in support of RxDM’s growth strategy and in part enables the company to continue to look at acquisition opportunities. “We are excited to support RxDM’s … Read more
The Business Development Bank of Canada is supporting more Canadian entrepreneurs than ever before, with 49,000 business owners receiving its services, up 17 per cent from the year before, according to BDC’s 2016-17 annual report. “Helping entrepreneurs thrive is our greatest ambition. BDC remains committed to a clear and unique purpose: to create prosperity for Canada … Read more
