\u0027The direction and the purpose is good\u0027 but observers say that this time, the government has to stay on track
Finance Minister Chrystia Freeland’s budget on Thursday included $15 billion over the next five years for a new growth fund meant to make major investments to reduce emissions as well as strengthen supply chains.
“The direction and the purpose is good and absolutely in line with what the coalition has been talking about,” she said.Article content Israel has the highest concentration of startup companies in the world and the Israel Innovation Authority has played a role in many of them. The authority’s former chief scientist, Avi Hasson, told Forbes that the government has to take part in some of the riskiest investments to allow private capital to follow.
The government has said it will be autumn at least before the growth fund and the innovation agency take shape, but McLellan said the recognition that Canada has a problem is a big step.Article content “There’s always a risk with these things that they are created with good intentions, but then they get bogged down from the inability to focus,” he said.
Agnew said if the government is going to try to attract private money with its new proposals it has to find the right projects.
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