2023 Report on Angel Investing in Canada 121923W6

PREFACE Seeding Innovation

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A reflection of this commitment is the NACO Nation- al Women’s Initiative, announced in partnership with the Government of Canada’s Women Entrepreneurship Strategy. This initiative will fund NACO network orga- nizations with a proven track record of driving impact for women entrepreneurs and investors – including partners like Brightspark Capital and Anges Quebec (Montreal); The51 Venture Fund and InterGen (Calgary); Yukon Venture Angels and Yukonstruct (Yukon); Invest Ottawa, Capital Angel Network (Ottawa); Island Capital Partners (Charlottetown), Genesis Centre (Newfound- land); Okanagan WMAN and Accelerate Okanagan (Kelowna), among others. This initiative is just the beginning of our journey to support SMEs and future high-growth companies in communities across the country. By building a nation- al ecosystem of coordinated, collaborative, and mis- sion-driven organizations focused on mobilizing angel investment, especially for women entrepreneurs, we aim to not only help our entrepreneurs survive but also thrive at their fullest potential.

This year’s Annual Report on Angel Investing in Canada reflects not only on the progress made but also sets the stage for the future. To achieve sustainable econom- ic growth, we must harness the collective strength of our knowledge, capital, and networks, paving the way for the next generation of world-class SMEs and high- growth Canadian companies. With more exciting announcements on the horizon, we are poised to leverage our national network to support visionary entrepreneurs in driving Canada’s economic growth, together.

MARY LONG-IRWIN Board Chair National Angel Capital Organization

CLAUDIO ROJAS CEO National Angel Capital Organization

2023 ANNUAL REPORT ON ANGEL INVESTING IN CANADA

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