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He pointed out that venture-backed companies are among the most powerful job creators in Canada and that this was why government created the labour sponsored venture capital corporation legislation. He also mentioned the agreement signed between NRC and the Business Development Bank of Canada (BDC) on a new spin-off pilot program, which will help bring promising NRC technology to the prototype demonstration stage. He mentioned that IRAP and BDC are collaborating to provide advice and assistance to firms wishing to commercialize technology and that IRAP Industrial Technology Advisors will be located in BDC offices in Toronto, Vancouver and Montreal, on a pilot basis, as a means of providing single access service to emerging knowledge-based SMES, drawing on the combined expertise of both organizations.
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