Colin Deacon, the Halifax startup founder turned senator, says Nova Scotia should privatize its venture capital Crown corporation Innovacorp and instead become a limited partner in a basket of private-sector VC funds.
Deacon co-founded BlueLight Analytics in 2009 and was appointed to the senate in June, 2018, where he now serves on the standing committee for banking, trade and commerce.
Deacon’s privatization comments came in response to reporting by Entrevestor that Innovacorp's investments are performing so well it hopes to self-finance its operations going forward. He posted on Twitter