New - Annual VCCI 2017 and VCAP data as of December 31, 2024 is now available on Open Government Portal
Combined VCAP, VCCI 2017 and VCCI 2021 investments have generated significant impacts on the VC ecosystem. Based on latest available data, as of December 31, 2024:
$1.2 B
invested by the Government of Canada in recipient funds
$3.7 BFootnote 1
raised by recipient fund managers, from public and private investors
$6.4 BFootnote 2
invested in Canadian companies by supported VC funds,Footnote 3 from all investment sources
Data on Open Government Portal
The following data, for VCAP and VCCI 2017, as of December 31, 2024, is now available through the Open Government Portal
Performance metrics - updated annually and contain information on investment activity and financial performance of recipient funds.
Economic impact data - updated annually, and include information on the economic impact of Canadian companies that have received investment by venture capital funds supported under the program.
Diversity, equity and inclusion metrics - VCCI recipients report annually on diversity, equity and inclusion metrics using the Business Development Bank of Canada's DEI Reporting Template for Canadian General Partners (GPs).
Data related to VCCI 2021 will start to be available with the next annual update.
Additional information
Research reports
Reports prepared or commissioned by the Small Business Branch of Innovation, Science and Economic Development Canada.
This report provides a profile of companies that have received investment by venture capital funds supported under VCAP, and estimates the impact of investment on company performance.
Program recipients and beneficiaries
Recipient fund managers raise additional private sector capital and make investments in VC funds (funds-of-funds streams) and innovative Canadian firms (all streams).
For information on recipient fund managers under VCCI (2021, 2017) and VCAP portfolios, please see the recipient fund managers webpage.
Performance measurement frameworks
Performance measurement frameworks (PMFs) outline the metrics used to evaluate program performance in delivering on objectives and outcomes.
- Venture Capital Catalyst Initiative 2021 Performance Measurement Framework
- Venture Capital Catalyst Initiative 2017 Performance Measurement Framework
- Venture Capital Action Plan Performance Measurement Framework
Past VCCI and VCAP reports
Past reports are archived for two years following their original publication. For more information, please visit the past VCCI and VCAP reports page.
If you would like to obtain an older report, please contact capital@ised-isde.gc.ca.