Nortel sale highlights need for national technology strategy, says CVCA

TORONTO - The federal government must develop a national technology strategy in light of “the uncertainties” surrounding the sale of Nortel’s assets, says Canada's Venture Capital and Private Equity Association (CVCA).The group said in a statement on Thursday that the government should establish “a blue chip, limited-life panel” of company executives, university presidents and venture capitalists to “devise a road map for Canada's technology industries”."To start with, the federal government must satisfy itself that the process of transferring Nortel assets to new ownership is fair, open and transparent," said CVCA president Gregory Smith, in the statement. “It must then act...