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HALIFAX — Nova Scotia’s government has plans to put another $25 million into two venture capital funds, with the expectation that other Atlantic provinces and private investors will join in.

Innovacorp Inc., a Crown agency that already has invested in a $65-million regional venture capital fund started in 2013, announced Friday it plans to put a second round of investment into startup firms in Atlantic Canada.

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The agency says it will commit to $15 million to be invested by fund manager Build Ventures, with the expectation that New Brunswick, Newfoundland and Labrador, Prince Edward Island and private venture capitalists will become partners in a fund that is hoping to raise between $50 million and $75 million for investments.

There is also a plan to invest a further $10 million in another venture fund, though a manager hasn’t yet been chosen.

“They will make seed investment in the most promising start-ups in Atlantic Canada,” said Charley Baxter, the vice president of investment at Innovacorp.