I’ve been promoting this concept for awhile.
As I understand this, the State of Oregon is investing $76 million into venture capital firms that establish offices in that state. The money is from the Oregon Public Employees Retirement Fund. I don’t believe there is any direct requirement that the money be invested in Oregon companies but having a presence in the state and seeking out investment opportunities there must be part of the VC’s mandate in the state.
Right now, if a SME in New Brunswick wants access to smart venture capital, it is quite difficult to source. Maybe a model such as Oregon’s would work here.
Remember my mantra. It’s not just about attracting firms to New Brunswick. It’s about attracting our share of the global investment flow. That certainly involves VC investments into our fast growing, export-oriented SMEs.