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(iStockphoto)

Venture capital backing gives startups an edge

The operation experience and seed money from venture capital (VC) firms makes a measurable difference to the growth of startup companies, new research commissioned by an industry group shows.

Canada’s Venture Capital and Private Equity Association (CVCA), together with Industry Canada and Statistics Canada, found that firms which received VC help were more likely to survive, had stronger sales figures and created more value for stakeholders than comparable companies.