+1,415
Canada's startup ecosystem is rapidly growing, with significant activity in cities like Toronto, Vancouver, and Montreal. As of 2023, Canada hosts around 10,000 startups, supported by a favorable business environment and government incentives such as the Scientific Research and Experimental Development (SR&ED) tax credit. In 2022, Canadian startups attracted approximately CAD $10 billion in venture capital funding, underscoring the country's robust entrepreneurial landscape.
As of 2023, Canada's startup ecosystem comprises about 10,000 startups. The market has shown substantial growth, with venture capital investments reaching CAD $10 billion in 2022. This impressive financial influx highlights the ecosystem's capacity for expansion and innovation, attracting entrepreneurs and investors alike. The diverse range of industries represented within the Canadian startup landscape further enhances its market size and potential.
Canada's startup ecosystem is characterized by several key strengths, including a high quality of life, a diverse and skilled workforce, and robust support for innovation and research. The country excels in areas such as artificial intelligence (AI), clean technology, and biotechnology. These strengths are bolstered by world-class educational institutions and a strong emphasis on R&D, positioning Canada as a competitive player in the global startup arena.
Toronto, often dubbed 'Silicon Valley North,' is a major hub for tech startups, particularly in AI and fintech. Montreal boasts a vibrant AI research community, contributing significantly to advancements in machine learning and related fields. Vancouver is renowned for its expertise in software development and gaming. These cities collectively drive Canada's innovation, making substantial contributions to the country's economic growth and technological advancements.
Beyond the major cities, emerging hubs like Ottawa, Calgary, and Waterloo are gaining traction. Ottawa is noted for its strength in telecommunications and software, Calgary for its focus on energy and cleantech, and Waterloo for its burgeoning tech scene and strong ties to academic institutions. These emerging hubs are expanding Canada's startup ecosystem, providing new opportunities and attracting a diverse talent pool.
Canada's startup ecosystem benefits from a robust network of accelerators, incubators, and co-working spaces. Notable initiatives like the MaRS Discovery District in Toronto and the Creative Destruction Lab in various cities provide startups with mentorship, resources, and access to capital. This supportive infrastructure is crucial for nurturing early-stage companies and fostering a collaborative entrepreneurial environment.
Despite its strengths, the Canadian startup ecosystem faces challenges such as access to late-stage funding and a smaller market size compared to the U.S. Additionally, navigating regulatory frameworks and attracting international talent can be hurdles for startups. Addressing these challenges requires strategic investments and policy support to sustain growth and competitiveness in the global market.
Canada's strategic location and trade agreements offer startups significant opportunities for international expansion. The emphasis on sustainability and green technology drives innovation in sectors like clean energy and environmental solutions. Continued investment in AI, biotechnology, and other emerging technologies positions Canada for sustained growth. The future outlook for Canada's startup ecosystem is promising, with strong potential to play a pivotal role in the global innovation landscape.
The Canadian startup ecosystem demonstrates remarkable resilience and adaptability, essential for navigating global economic shifts and market dynamics. The country's multicultural society and diverse talent pool foster a rich environment for innovation. As Canada continues to invest in its entrepreneurial infrastructure and support systems, it is well-equipped to handle future challenges and capitalize on new opportunities, ensuring sustained growth and success.
Canada's startup ecosystem is supported by numerous influential angel investors who provide crucial early-stage funding and mentorship. Notable figures include Mike Volker, a prolific angel investor with investments in over 100 startups, and Dan Martell, known for his investments in tech and SaaS companies. These investors typically contribute between CAD $25,000 and CAD $500,000 per deal, offering not only capital but also strategic guidance and industry expertise, which are vital for the growth and development of nascent companies.
Leading venture capital firms in Canada play a critical role in driving the growth of startups. Firms such as BDC Capital, Real Ventures, and Inovia Capital are at the forefront, providing substantial funding to high-growth companies. BDC Capital, for instance, has invested in over 700 companies, supporting a wide range of sectors including cleantech, healthcare, and ICT. These firms typically engage in Series A to Series C funding rounds, with investment sizes ranging from CAD $1 million to CAD $50 million, facilitating significant scaling opportunities for startups.
The investment size and scope in Canada's startup ecosystem vary widely, catering to different stages of business growth. Early-stage investments, often provided by angel investors, range from CAD $25,000 to CAD $2 million. For growth-stage companies, venture capital firms offer larger funding rounds, typically between CAD $5 million and CAD $50 million. The scope of these investments spans various sectors, including AI, biotechnology, fintech, and cleantech, reflecting the diverse and dynamic nature of Canada's entrepreneurial landscape.
Canada's venture capital and angel investment activity are robust, with a significant number of deals annually. In 2022, over 600 venture capital deals were recorded, amounting to approximately CAD $10 billion in investments. This high level of activity underscores the vibrancy of the Canadian startup ecosystem, with both angel investors and venture capital firms actively seeking out and funding promising startups across a broad spectrum of industries.
The future outlook for Canada's investment market is highly optimistic. With continued emphasis on innovation and technology, sectors such as AI, biotechnology, and clean technology are expected to drive substantial growth. Government support through initiatives like the SR&ED tax credit further bolsters the ecosystem. As global interest in sustainable and innovative solutions increases, Canada's startups are well-positioned to attract significant international investments, fostering an environment ripe for continued expansion and success.
Support and mentorship are critical components of Canada's startup ecosystem. Angel investors and venture capitalists often provide more than just financial backing; they offer strategic advice, industry connections, and operational support. Programs like MaRS Discovery District in Toronto and Creative Destruction Lab across various cities enhance this support, offering structured mentorship, resources, and access to capital. This comprehensive support system helps startups navigate early challenges and scale effectively.
The Canadian government and various institutions play a pivotal role in nurturing the startup ecosystem. Initiatives such as the SR&ED tax credit and the Canada Small Business Financing Program provide substantial financial support and incentives. Additionally, organizations like Innovate Canada and provincial programs offer grants, loans, and advisory services. This extensive support infrastructure is vital for fostering innovation, reducing financial barriers, and promoting sustainable growth within the startup community.
Canada's startup ecosystem is bolstered by top angel investors, leading venture capital firms, and extensive support systems. With a diverse range of investment sizes and scopes, the market is poised for significant growth. The future outlook remains positive, driven by innovation, government support, and a collaborative environment. As Canada continues to attract global investments and foster entrepreneurial talent, it stands to become a key player in the global startup landscape, contributing to advancements across various high-growth sectors.
Exotic Orange & Angels Partners: Turning Financial Simplicity Into Investment SuccessChatNode.ai: Revolutionizing Communication with AI, A Success StoryThe Shake.io Success Story: A Journey of Strategic FundraisingInterview with the Founder of ZenLaw: An Angels Partners Success Story!Sell SaaS Success StoryAWA Success StoryAngels Partners helps The MVMNT Group raise $250k for Saas product
Menlo Park - San Francisco Bay Area - California, U.S.A. - Global: U.S.A., Australia, Canada, Germany, U.K., Israel, France, Italy, Spain, Netherlands, Belgium, Switzerland, Denmark, Finland, Luxembourg, Malta, Iceland
Businesses Solutions • Consumer
Partner at Sequoia Capital
San Francisco Bay Area, U.S.A. - Global: U.S.A., Australia, Canada, Germany, U.K., Israel, France, Italy, Spain, Netherlands, Belgium, Switzerland, Denmark, Finland, Luxembourg, Malta, Iceland
BioTech • Businesses Solutions • A.I. (& Big Data) • DeepTech
Daniel Gross the founder of Greplin, a search engine. Greplin operated by linking together various online accounts into one search experience. For example, a customer could search their Facebook, Gmail and Dropbox accounts from one unified service without check each individually. In 2011, Greplin raised $4 million in funding from venture capital firm Sequoia Capital. Gross was one of Sequoia's youngest founders at the time. They introduced a premium offering at $5 a month, which allowed customers to link enterprise-facing services like Salesforce. In 2012 the company renamed itself to “Cue” and launched an additional predictive search features. In addition to search, Cue offered customers an automatic and intelligent agenda of their day. This included files, emails, addresses, phone numbers and more that were deemed algorithmically relevant. Cue was a similar product to Google Now. He is Y-Combinator's first Israeli.
San Francisco Bay Area, U.S.A. - Global: U.S.A., Australia, Canada, Germany, U.K., Israel, France, Italy, Spain, Netherlands, Belgium, Switzerland, Denmark, Finland, Luxembourg, Malta, Iceland
Blockchain (& Cryptos) • Woman Focused
Most Interested In
I love creating something from nothing. Health and Wellness Productivity
New York, U.S.A. - Global: U.S.A., Australia, Canada, Germany, U.K., Israel, France, Italy, Spain, Netherlands, Belgium, Switzerland, Denmark, Finland, Luxembourg, Malta, Iceland
Software (Web Marketplace Saas..) • Businesses Solutions • FinTech (& Financials services) • A.I. (& Big Data) • Blockchain (& Cryptos) • Web Security (& Privacy) • Cloud Services (& Infrastructure) • Developer tools • Future Of Work • Payments • Woman Focused
Business Development, Investments, Partnerships, Strategy, Fundraising, Go-to-Market
Ottawa, U.S.A. - Canada
PropTech • Businesses Solutions • FinTech (& Financials services) • Hardware (& Manufacturing) • HealthTech (& Fitness) • Real Estate (& Construction)
Lance Laking serves as Senior Investment Director at MaRS Investment Accelerator Fund. Lance also serves as a Boartd Member of viscore. He is also a mentor, advisor and facilitator of Entrepreneurship Programs for MaRS Venture Services. In addition to MaRS, Lance is a member of the Board at Expertfile, and an active Angel Investor. Lance was recently Executive Chairman at Granite Networks where he lead the sale of the company to Rogers Communications. He previously served as President and CEO of BTI Systems where he was responsible for securing more than US$55M in growth capital (BTI acquired by Juniper Networks in January 2016). Prior to joining BTI, Lance founded the Canadian subsidiary of HUBER+SUHNER, a Swiss-based wireless and optical component manufacturer.
Toronto (Ontario) - Toronto (), Canada
Energy • A.I. (& Big Data) • Robotics • Aerospace (& Defense)
Entrepreneur, Angel, Inventor, BODs, @flixel-photos, dTaz, Atomic Reach, ex-Kobo, ex-OpenCola, ex-Microsoft, ex-Rogers, ex-Banks - http://ibinary.com/libas
Scottsdale - Arizona, U.S.A. - Canada
Software (Web Marketplace Saas..) • Businesses Solutions • A.I. (& Big Data) • HealthTech (& Fitness) • Analytics • Aerospace (& Defense) • Woman Focused
David Paul serves as a Partner at Canal Partners. Prior to joining Canal Partners, he served as director of DWP Investments, and as an investor in residence at Tallwave Capital. In this role, Paul will lead the charge on deal sourcing, executing due diligence on potential investment opportunities, participate on the board of directors of certain portfolio companies, and provide portfolio support and governance. Paul was also the founder and CEO of South Florida Home Care, a boutique home care and geriatric care management agency. He sold the company in 2016 to a national strategic buyer- Home Care Associates. Paul holds an MBA from Northeastern University, with a specialization in entrepreneurship and innovation, and a bachelor of science in Human Services from Springfield College. He is also the founder of Sunsets and Seagrapes, an annual fundraiser for the New Day Adult Care Center in South Florida.
Miami Beach - New York - Florida, U.S.A. - Canada - Germany
Businesses Solutions • HealthTech (& Fitness) • Healthcare (& Wellness)
Founder and CEO
Jason Goldberg serves as Board Member at Crew. He serves as Chief Executive Officer at OST. Goldberg Co-Founded and served as Chief Executive Officer at Pepo. He previously founded consumer Internet companies Hem.com, Fab.com, Social Median, and Jobster and led strategy and product teams for T-Mobile and AOL. Before his career in business, his first startup was Bill Clinton's campaign for President of the U.S.A. in 1992, which carried Jason to a six-year stint in the White House. He currently splits his time between Berlin, Germany
New York, U.S.A. - Canada - Mexico
AgroTech • A.I. (& Big Data) • Blockchain (& Cryptos) • Analytics • Cloud Services (& Infrastructure) • Developer tools
Most Interested In
SaaS, B2B, B2SMB, B2E
Not Interested In
Crypto
Toronto (Ontario) - Austin - Toronto (), Canada
Software (Web Marketplace Saas..) • PropTech • FinTech (& Financials services) • Retail (& E-Commerce) • CleanTech • Food & Beverage • Payments • Real Estate (& Construction) • Music • Consumer • Woman Focused
Most Interested In
Fintech, proptech, real estate, marketplaces, B2C, B2B, B2B2C, and companies shaking up super antiquated industries. The unsexier the better.
Not Interested In
Hardware, biotech.
Massachusetts, U.S.A. - Canada - Israel
AgroTech • Hardware (& Manufacturing) • Energy • CleanTech • A.I. (& Big Data) • Robotics • Aerospace (& Defense) • Real Estate (& Construction) • DeepTech • Woman Focused
Most Interested In
Deep Tech | Advanced Manufacturing, Aerospace, Robotics 🤖 🦾
New York - Boston - Miami - Massachusetts, U.S.A.
Software (Web Marketplace Saas..) • Businesses Solutions • A.I. (& Big Data) • Web Security (& Privacy) • Cloud Services (& Infrastructure) • Developer tools • Insurance (& InsurTech) • Woman Focused
Co-Founder & General Partner at Underscore VC
