Innovation Nation: Canadian startups need new angel investors — maybe you innovationnation
Canada has a rich history of innovation, but in the next few decades, powerful technological forces will transform the global economy. Large multinational companies have jumped out to a headstart in the race to succeed, and Canada runs the risk of falling behind. At stake is nothing less than our prosperity and economic well-being. The Financial Post set out explore what is needed for businesses to flourish and grow. You can find all of our coverage here.
In the last few years alone, our entrepreneurs have created everything from commercial cleaning robots to market-leading augmented reality glasses to artificial kidneys and AI-enabled hospital beds. These are businesses with the potential to boost regional and national economies while leading to breakthroughs across industries.
But the history of Silicon Valley shows that a pool of these types of investors is decades in the making. And we can’t afford to wait that long. To continue scaling our innovation economy, what is needed is more than any one policy or a handful of entrepreneurs-turned-angel-investors — it’s new, more permanent forms of early-stage funding.
In the innovation ecosystem, there is a lot of healthy discussion on how best to support scaling companies. But we also need to scale the innovation ecosystem itself, which demands more access to early funding. At stake is not only the vibrancy of one company, investor, or region, but Canada’s capacity to build a globally-competitive economy and address some of world’s biggest challenges.
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