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Canada has been doing a pretty good job of supporting its tech startups, but I’m calling on government, private investors, banks and pension funds to double down on that support to help make them the country’s engine of growth over the next decade. That’s especially important as our homegrown tech sector achieves critical mass.

Canada deserves good marks for investing in tech companies at the startup stage, but we need more money in the ready-to-scale category. Often, those tech startups that make it out of the gate are snapped up by foreign investors; too few Canadian sources were supplying follow-on capital.

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A PwC Canada & CB Insights MoneyTree Canada report on venture capital activity in 2016 shows just that. Canadian VCs and government-backed capital played a more active funding role for tech companies at seed, early and expansion stages of growth. U.S. VCs started to eclipse Canadian investors as tech companies stretched their wings into international markets.