This program encouraged the formation of community-sponsored venture capital pools and provided eligible investors with incentives for purchasing Class A shares of registered funds.
Investors can no longer purchase shares of the registered funds. The deadline was December 31, 2003.
Funds created before December 31, 2003 continue to operate and provide eligible investment and venture capital services.
The community small business investment fund program has specific rules, including:
There are also specific eligibility criteria that need to be met by the:
You can find these rules in the Community Small Business Investment Funds Act, 1992.
The community small business investment fund program does not provide grants or loans to businesses. Investment decisions are made by the registered funds.
Contact Canada Business Ontario at 1 800 567-2345 for information about small business financing or visit www.cbo-eco.ca.