Capital Outlook: Canada’s Startup Ecosystem
“Saturated by US VCs with Big Room to Grow”
There is a growing and encouraging startup landscape maturing in Canada but technology entrepreneurship has yet to create a robust innovation startup ecosystem. There are many positive signs that the startup community is beginning to flourish. Across the nation you’ll find a healthy funnel of startups throughout the Startup Lifecycle, but Canada still faces many issues in this sector such as talent migration, access to capital, and risk tolerance.
Although there are exceptions, innovation is not traditionally Canada’s strong suit. The Conference Board of Canada gives the country a “D” for innovation with particularly low marks for seed/venture capital. However, there are an increasing number of tech startups and resources to support them including incubators, accelerators, workspace programs, and financing sources.