OPEN TEXT, GOVERNMENT CONTRIBUTE TO A MASSIVE INCREASE IN VENTURE - TopicsExpress

OPEN TEXT, GOVERNMENT CONTRIBUTE TO A MASSIVE INCREASE IN VENTURE CAPITAL FUNDS FOR AREA KITCHENER - Open Text Corp. announced Tuesday it will create a $100-million fund for enterprise-app developers on its platform in a bid to massively grow the technology ecosystem in this region and across the country. Just prior to that groundbreaking news, the provincial and federal governments announced the establishment of the $217 million Northleaf Venture Catalyst Fund that will invest in venture-capital funds across Canada. whitneyre

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