I'm glad you asked. I come from a province that tried to master industrial policy as a way to promote economic growth. When we look at what was promised to be a sovereign wealth fund, I can't help but see another Investissement Québec, but this one with supposedly some participation from taxpayers.
I can tell you that if subsidies were a good tool for economic development, we'd know it in Quebec. Quebec would be the most wealthy province in the nation. Unfortunately, that is simply not the case. If Quebec has had growth in recent years, it is thanks to the genius of its entrepreneurs. It's the same with Canada, by the way. It is not thanks to government subsidies and industrial policy.