BDC Venture Capital recently allocated $135 million in new capital to investments in innovation companies. This brings its total direct commitment to the sector to $270 million.

The BDC Venture Capital Healthcare Fund will invest in technology, products and services that aim to dramatically improve global healthcare productivity, efficiency and patient outcomes.

"All economies are struggling to maintain affordable and accessible healthcare systems. They are seeking new technologies to improve their health systems and improve healthcare delivery, while managing rising costs," said Dion Madsen, Senior Managing Partner, BDC Venture Capital Healthcare Fund. "The opportunity exists to radically transform healthcare delivery across the planet."

The new funds will be used to invest in Canadian-based companies in fields such as innovative therapeutics and medical technology, diagnostics, health IT, mobile technologies and services, as well as robotics and automation.