Ontario Capital Growth Corporation

Ministry

Economic Development, Job Creation and Trade

URL

www.ocgc.gov.on.ca/site/en

Address

700 Bay St, Suite 2401
Toronto
M5G1Z6

Phone

(416) 325-6874

Background

Ontario Capital Growth Corporation Act, 2008, S.O. 2008, c. 19, Sched. O, ss. 2(1) (opens a new window)

Function

The Corporation: receives, holds, administers and otherwise deals with the limited partnership interest of the Government of Ontario in the limited partnerships known as the Ontario Venture Capital Fund LP and the Northleaf Venture Catalyst Fund LP; manages and operates the Ontario Emerging Technologies Fund; and, carries out any other objects prescribed by regulation.

Membership

The members of the Corporation consist of the members of its board of directors. The Lieutenant Governor in Council appoints a minimum of 3 and a maximum of 12 directors, and designates one director as chair of the board and at least one other director as vice-chair of the board.

Term

Although there is no specific limitation in legislation, each member will generally serve on the board for a period of three years.

Meetings

The board of directors is expected to meet on a quarterly basis (but not less than twice per year).

Remuneration

Appointees are remunerated according to Schedule A, Level 2 of the Agencies and Appointments Directive.

Appointments & Vacancies