The Bank Devoted to Entrepreneurs: Business Development Bank of Canada

Alexandra Burnett, Briefing Note, Crown Corporations, Ian Madsen

The Business Development Bank of Canada (BDC) was officially established on July 13, 1995. BDC is a federal bank exclusively focusing on Canadian entrepreneurs. BDC is a Crown corporation, owned by the Government of Canada. BDC Capital is a subsidiary of BDC, and is focused on offering specialized financing and funding, including venture capital and growth equity. A Board of directors governs BDC and various committees assist the Board with it’s oversight responsibilities.

Recently, it is becoming more difficult for BDC to keep up with other venture capitalist firms, especially American ones. Many entrepreneurs are pointing out that it is easier to access funding and financial loans from other companies now.

Read the entire PDF here: Burnett, _The Bank Devoted to Entrepreneurs_ Business Development Bank of Canada_ (Briefing Note) (1)