Backgrounders
Databox
- In 2009, Canadian firms secured less than 40 per cent of the dollars brought in by their U.S. counterparts.
- Last year, Canadian VCs raised the lowest level of funding recorded since before the tech boom.
Video
Opening Canada to U.S. Venture Capital Investment
President of Canadian Advanced Technology Alliance John Reid interviews Tom Houston, Managing Partner Fraser, Milner Casgrain LLP.
Topics: The Future of Venture Capital in Canada
One of my favourite Sopranos characters once told Tony Soprano that he was at the "precipice of an enormous crossroads." It's beginning to feel like that in Canadian venture capital. The Canadian Venture Capital Association recently released 2009 data indicating that deal activity was at its lowest level since the mid-1990s. This is not a uniquely Canadian phenomenon, but the drought in new venture financing has seemed longer and drier in Canada than elsewhere. In some sectors, earlier-stage investors have become more visible, but what was once concern in the industry is now escalating to alarm, as more players ask what is to become of the Canadian innovation economy.














