A week full of money: the Ontario Budget was announced Thursday, and it contained about $700 million of spending on innovation, including $300 million for research infrastructure and $250 million for the previously-announced Emerging Technologies Fund. Reactions were pretty positive, but badly in need of a thesaurus. The proof of the pudding is in the allocation though — in terms of benefits for biotech — the first commitment from the $205 million Ontario Venture Capital Fund turns out to be to a new VC that is more interested in software than soft tissue.
Here’s $100 . . . [more]