Taking issue with the notion that Atlantic Canadian startups face a major funding problem, Andrew Ray says the companies in the Innovacorp portfolio have raised $71 million in the last six months alone.
Innovacorp, the Nova Scotia government’s early-stage venture capital agency, did not participate in all those funding rounds, but it did invest more in the first six months of the 2010-21 fiscal year than it did in all the previous 12 months.
Ray is Vice-President of Investment at Innovacorp and he has a glass-half-full view of the current state of funding in Nova Scotia, possibly the region
