Ontario is creating a new fund to drive start-up investment in green technology companies and other high-tech businesses.

The move is a response to the challenges emerging technology companies are experiencing in raising venture capital due to tightening credit markets. The long-term goal of the fund is to create a dynamic, vibrant venture capital community that will help Ontario companies grow and compete globally.

Starting in July, the Emerging Technologies Fund would invest $250 million dollars over five years together with qualified venture capital funds and private sector investors.

The fund would match small to medium private sector investments and receive an interest in companies it supports.

Find out more about Ontario’s Innovation Agenda.