Innovacorp is accelerating its investment plans in light of the COVID-19 virus, not just to boost the economy but because it sees an opportunity to make money, said Managing Director Andrew Ray.
In an interview, Ray said the venture capital agency, whose lone backer is the Nova Scotia government, believes investments made during economic downturns tend to produce strong returns in the long-run.
What’s more, he said the participation of governments in VC funding in Atlantic Canada means the stronger companies in the region will survive, while their competitors in other regions may fail. So