​Investment fund backed by Ottawa and Quebec

​Investment fund backed by Ottawa and Quebec

​Investment fund backed by Ottawa and Quebec An investment fund designed to fuel innovation in Quebec is being backed by the federal and provincial governments. The fund will be led by Teralys Capital and other private investors but for every $2 raised the governments will add $1. The total from the public purse could be as much as $125 million. The Teralys Capital Innovation Fund will back the life sciences sector and will have $297 million from the start.