This is a joint news release between the Government of Canada and the Government of Yukon.
Small- and medium-sized businesses are key drivers of innovation and opportunity in their communities. Access to private investment allows them to expand, diversify, and strengthen local economies, creating dynamic economic networks.
Today, Dr. Brendan Hanley, Member of Parliament for the Yukon, on behalf of the Honourable Gary Anandasangaree, Minister of Crown-Indigenous Relations and Northern Affairs and Minister responsible for the CanNor, along with Yukon Premier and Minister of Economic Development Ranj Pillai, announced a joint contribution of up to $558,800 over three years supporting the Yukon Venture Angels' (YVA) Yukon Private Capital Ecosystem Development Project.
This funding will help YVA build a Yukon angel investor ecosystem to provide entrepreneurs across the territory with financial backing, mentorship, access to networks, and strategic guidance. Through this project the non-profit organization will develop a strategic plan, create and deliver investor and founder training, and build a fund management structure to facilitate private investments.
Supporting projects like this one aligns with CanNor's priority to support small- and medium-sized businesses, and create economic growth and innovation in northern and remote communities. This agreement also supports objectives outlined in the Government of Yukon's innovation strategy. Enhancing investment opportunities helps create jobs, stimulate local industries, and contributes to sustainable and diversified economic development in the territory.
