PREFACE Seeding Innovation
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entrepreneurs, selected from over 150 nationwide nomi- nations, shared compelling stories of innovation, capital raising, and global market expansion. This event not only highlighted the vision and drive of Canada’s entrepre- neurs but also the critical role of angel investments in fostering high-growth companies. NACO data from 2019 to 2022, analyzed alongside the Canadian Venture Capital & Private Equity Association (CVCA) outcomes, presents a compelling picture: Ap- proximately 60-80% of companies that achieved suc- cessful outcomes, including mergers, acquisitions, and IPOs, were nurtured by angel investments. These invest- ments have yielded returns upwards of 100x on invest- ed capital, with some exits surpassing 1,000x, and have resulted in capital being reinvested back into the eco- system when entrepreneurs have successful outcomes, thereby perpetuating a cycle of innovation. Despite these successes, small and medium-sized enter- prises (SMEs) – the epicenter of Canadian entrepreneur- ship – are facing unprecedented challenges. Represent- ing 88.3% of all private sector employment in 2020 and contributing over half of the nation's economic output, SMEs are the backbone of the Canadian economy.
THE HONOURABLE FILOMENA TASSI MINISTER OF FEDDEV ONTARIO AT MOONSHOTS 2030
2023 ANNUAL REPORT ON ANGEL INVESTING IN CANADA
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