Differing maturity of Canada’s technology ecosystems drives a variety of regional capital needs.
Vancouver, Toronto and Montreal rank among the top 20 startup ecosystems in the world, matching Europe and ranking Canada second only to the United States. While Canada’s technology ecosystems of British Columbia, Ontario and Quebec demonstrate fairly robust access to talent, capital and markets, not all provincial regions are at the same point of maturity.
In this article we’ll look at how the maturity of Canada’s technology ecosystems varies in different provinces and provide observations on the diverse capital needs by region to advance Canada’s innovation economy.
Yaletown’s prior research has emphasized the post startup, emerging growth stage capital gap. More mature Canadian tech ecosystems have the greatest need for this type of capital, while less mature regions are still building early stage financing capacity.