The board of directors at the Ontario Capital Growth Corp. (OCGC) has appointed Steve Romanyshyn as its new president and CEO. He takes over the agency after being in the provincial public service.
Most recently, he served as the director responsible for the development of economic and innovation strategies at the Ministry of Economic Development and Growth (MEDG) and the Ministry of Research, Innovation and Science (MRIS).
As part of its overall portfolio of fund-of-funds and direct investments, the OCGC is currently helping the province to deliver on its $55 million commitment to invest in one or more cleantech venture capital funds, so that high potential cleantech firms can access the capital they need to grow their business.
"To remain competitive in today's global economy, we need to help high-growth, innovative companies access the risk capital they need to succeed. The OCGC and its employees, including the new CEO, are an important component of Ontario's innovation ecosystem. Steve has been instrumental in building Ontario's innovation strategy and he will be an asset to the organization,” said Reza Moridi, minister of Research, Innovation and Science at the Ontario government.