Venture capital in Canada: An industry in crisis
Deloitte Canada Insights podcast
While the technology industry has largely rebounded from the tech bubble, Canadian companies are still facing a considerable lack of funding. The amount of venture capital available in Canada is well below investment levels of the late 1990s. And venture capitalists around the world are slow to embrace investing beyond their borders, leaving a gap for Canadian tech companies. Quite simply, the Canadian venture capital industry is in a state of crisis, and immediate action is necessary to help these companies thrive.
In this edition of Deloitte Canada Insights, John Ruffolo, national leader of the Technology, Media & Telecommunications industry group, discusses the key Canadian findings of Deloitte’s Global trends in venture capital 2007 survey. Learn about the state of Canada’s venture capital “ecosystem,” and the unfavourable tax environment that is discouraging U.S. and global venture capitalists from investing in Canadian technology companies.