2023 Report on Angel Investing in Canada 121923W6

THE INVESTMENT ENVIRONMENT The Investment Climate for Angel Investment

153

• Atlantic Canada gave the highest ratings for the in- vestment climate with mean and median scores (of 6.2 and 6 respectively). Organizations based in West- ern Canada gave similar mean and median scores (5.9 and 6.0) to those in Atlantic Canada and higher than that of Central Canada (5.0 and 5.0). • Analysis by RDA region reveals that angel organiza- tions in Prairies gave the highest mean and median scores (6.5 and 6.2 respectively). Northern Ontario and Quebec shared mean and median scores of 6. Western Canada (5.6 and 6.0) and Atlantic Canada (5.5 and 5.5) gave similar scores. Meanwhile, South- ern Ontario gave the lowest score with a mean of 4.8 and a median of 5.0. There was no data provided from the Northern Territories in 2022. • The largest organizations — those with more than 50 members — gave the highest scores, with a me- dian of 6 and a mean of 5.6. Organizations with 26- 50 members had a mean of 5.1 and a median of 4.5. The smallest organizations (fewer than 25 members) gave the lowest median and mean scores (5.0 and 4.9 respectively).

FIGURE 26

Rating of the Investment Climate in 2022 (n=28)

6

4

2

1

2

3

4 5

6

7

8

9

10

FIGURE 27

The Angel Investment Climate – Annual Mean Scores

6.75

6.25

5.75

5.25

2015 2016 2017 2018 2019 2020 2021

2022

2023 ANNUAL REPORT ON ANGEL INVESTING IN CANADA

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