A Fund To Fund Underfunded Funds

From the government presser re their Venture Capital Action Plan:

$250 million to establish new, large private sector-led national funds of funds (a funds of funds portfolio consists of investments in several venture capital funds)

Can anyone tell me this isn't straight out corporate welfare?  But wait!  It is, it is straight out corporate welfare!

The Western Canadian Word For "Hand-Out"

"Equitable support"