Nova Scotia venture capital agency Innovacorp's portfolio is performing so well that the provincial Crown corporation is hoping to self-finance its operations going forward without government support, according to Vice-President of Investment Andrew Ray.
In a wide-ranging interview Monday, Ray said Innovacorp's portfolio is the strongest it's ever been, boosted by an exit, a few public listings and some companies that have booked high dollar-value funding rounds, reducing the need for the Halifax-based agency to seek external funding.
“The questions that we ask internally are, ‘How do we