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Cape Breton Growth Fund

Sydney, Nova Scotia, Canada

Ownership: Private
Development stage: Other

Overview

The Cape Breton Growth Fund (CBGF) was a Canadian federal Crown corporation established in 2000 to stimulate economic growth and diversification in Cape Breton, Nova Scotia. Operating as a subsidiary of the Enterprise Cape Breton Corporation (ECBC), the fund was tasked with providing financial support and venture capital to local businesses following the closure of the region's coal mines and steel plants. Although it invested in various sectors, including technology and manufacturing, it was an economic development vehicle rather than a life sciences or biotechnology firm. The corporation was officially wound down in the late 2000s, with its functions absorbed by the Atlantic Canada Opportunities Agency (ACOA).

Industry: Investors

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