Montreal focus of $100-million smart city venture fund

A $100-million venture capital fund targetting Montreal's urban challenges has been established with participation from 23 VC firms, financial institutions and corporations. Capital Intelligent Mtl is aimed at start-ups and companies experiencing rapid growth with capital requirements between $150,000 and $5 million. The fund is tied to Montreal's Smart City initiative and has received $400,000 from the city for its administration. Funding will be granted to PME-MTL Centre Ville, a network of experts for entrepreneurs and businesses, that will coordinate the fund's activities....