Story perspectives

BDC Faces Leadership Shakeup, Launches $100M Life Sciences Fund

11/19/2025

Summary

Story summary

The Business Development Bank of Canada is experiencing leadership changes, including Dominique Bélanger's departure.
BDC has seen executive exits and the closure of some funding programs.
BDC is launching a Life Sciences Fund with a $100 million allocation for early-stage biotherapeutics and medical technology.
BDC says the fund will target different development stages, despite industry skepticism.
The Canadian venture capital landscape remains competitive, with calls for more funding for life sciences.

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Story summary

The Business Development Bank of Canada is experiencing leadership changes, including Dominique Bélanger's departure.
BDC has seen executive exits and the closure of some funding programs.
BDC is launching a Life Sciences Fund with a $100 million allocation for early-stage biotherapeutics and medical technology.
BDC says the fund will target different development stages, despite industry skepticism.
The Canadian venture capital landscape remains competitive, with calls for more funding for life sciences.