The Business Development Bank of Canada is pledging $160 million for companies that are rich in intellectual property, but often struggle to access capital.
Jerome Nycz, the executive vice-president at BDC Capital, says in a statement that the money will help companies enable commercialization, increase competitiveness and expand globally.
He says the goal of the entrepreneur-focused bank is to lead by example and inspire like-minded stakeholders to support more companies and make Canada a leader in IP.
OBJ360 (Sponsored)
![People enjoying the Ottawa REDBLACKS Subaru log cabin](https://assets.obj.ca/2024/06/subaru-log-cabin-2023-gallery-300x169.gif)
Game on! How Ottawa REDBLACKS business experiences create meaningful connections
An Ottawa REDBLACKS game may be the only place a business leader should leave their game face at the door.
![A business man at the airport.](https://assets.obj.ca/2024/06/FlightHub-20240624_094212_0000-300x169.jpg)
Travel smart: Four ways FlightHub offers budget-friendly business travel solutions
Canadians know that flying domestically is a challenge due to our small population, spread out across a vast space — and that it can make business travel an even bigger
BDC’s new coffers will provide financing in the form of a sub-debt, convertible debt and equity to accelerate commercialization.
The fund will target scaling companies in knowledge-based industries with rich IP portfolios including patents, design and trade secrets and at least $1 million in annual revenue.
According to a 2017 study from U.S. intellectual property merchant bank Ocean Tomo, 83 per cent of the value of S&P 500 companies came from tangible assets in 1975, but in 2015, it shifted to 84 per cent of value coming from intangible assets like IP.