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The Rotman School of Management building designed by KPMB.
The Rotman School of Management building designed by KPMB.
(Tom Arban/)

Business Development Bank teams with U of T to fund startups

The Business Development Bank of Canada is teaming up with the University of Toronto to help fund a startup accelerator designed to foster the next batch of great Canadian companies – another substantial move in the cross-country campaign to rebuild a domestic venture capital community.

BDC Capital, the development bank’s investment and financing arm, is partnering with U of T’s Rotman School of Management to support the Creative Destruction Lab, which offers an eight month program to bring entrepreneurs together and offer access to experts in technology oriented faculties. The goal: to commercialize promising technology.