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Yesterday, Lina Bowden, VERGE Capital provided her remarks to the Senate of Canada and a packed room of MP’s and supporters of the Social Innovation and Social Finance Strategy for Canada 5. Below are her remarks.
PANEL REMARKS AT THE SENATE OF CANADA
Drum roll please... with 20 investors we have exceeded our goal and raised $2,260,000 in lending capital that will fund numerous social enterprises, environmental initiatives and affordable housing in our communities over the next 7 years.
14 local investors have pooled their capital in the VERGE Breakthrough Fund, exceeding our $2 million goal. We are now actively looking for investments in affordable housing, community real estate and growing social enterprises in Southwestern Ontario.
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