Former Rogers Communications Inc. CEO Nadir Mohamed will lead a new venture-capital fund created by the Ontario government, the office of Premier Kathleen Wynne said on Monday. Mohamed will lead a council of about 30 business leaders and entrepreneurs tasked with managing Scale Up Ventures, a $50-million fund for startup companies that "have shown initial market success and that demonstrate strong growth potential," the premier's office said in a press release. Mohamed was replaced as Rogers' CEO by Guy Laurence in December 2013. Laurence is also on the council that will manage the venture-capital fund, according to a government website. Other members include BCE Inc. CEO George Cope, former Corus Entertainment Inc. CEO John Cassaday and Telus Corp. CEO Joe Natale. The Ontario government is putting up to $25 million into the fund and private investors are putting in a matching amount, the press release said.