VCCI exposes the bottleneck in Canadian VC

Assuming your PHP is up to date, the biggest Canadian tech news this week was new details on the federal government’s $1.75-billion VCAP VCCI Venture and Growth Capital Plan. Ignoring the feds’ confusing commitment to revising naming conventions, the plan consists of two main components: $1 billion for Growth VCCI, the fourth such federal fund-of-funds investing program, with earmarks for life sciences ($200 million) and emerging manager-led ($100 million) VC firms; and the new $750-million Earl