National investment tax credit
A government-provided incentive offering investors tax relief or credits for investing in specified sectors, such as technology, clean energy, or innovation-driven enterprises. This credit is designed to mobilize private investment into strategically important areas.
Productivity gap
The difference between Canada’s output per worker (or per hour worked) compared to leading economies. A productivity gap indicates lower economic efficiency or competitiveness, highlighting the potential for improvement through targeted policy and investment strategies.
Innovation economy
An economy driven by innovation, knowledge, creativity, and technological advancements. It emphasizes developing and commercializing new ideas, products, or services as key economic growth and competitive advantages.
Public-private collaboration
Cooperative arrangements between government agencies and private-sector entities aiming to jointly achieve economic, social, or policy objectives more efficiently than either sector could independently. Examples include infrastructure projects, innovation clusters, and co-investment strategies.
BDC Ventures
The venture capital division of the Business Development Bank of Canada (BDC), investing in innovative Canadian companies both directly and through a fund-of-funds model, with the goal of supporting Canada’s entrepreneurial ecosystem.
Fund of funds (FoF)
Investment vehicles that allocate capital into multiple other investment funds rather than directly into companies. This strategy allows investors to achieve diversification across managers, sectors, or geographic regions while leveraging professional investment management.
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