Talks are now under way between Innovacorp and the Nova Scotia government about what should be done with the $104 million that Innovacorp received from its investment in Metamaterials Inc.
Last week, Entrevestor reported that the Nova Scotia government’s early-stage venture capital agency made a return of $101 million on its $3 million investment in META. That’s a total return of 35 times, and a superb performance for a fund whose financial assets amounted to just $36 million five years ago.
I’ve spoken to several people familiar with the matter in the past few days, and I hear that Premier