2022 Report on Angel Investing in Canada 110822

PREFACE Leading Change

and limited local pathways to mentorship and funding networks.

Central Canada continues to lead the bulk of invest- ment and entrepreneurial growth. Within Central Cana- da, Northern Ontario is a beacon for how much more is possible.* Even Canada’s dense urban centres are lag- ging behind the extraordinary success of Northern On- tario Angels (NOA) with its $217 million of investment into entrepreneurial companies spread out across a geographically dispersed population of 800,000. On a per capita basis, this means that an additional $8.9 bil- lion of investment dollars could be mobilized to support entrepreneurs from all backgrounds and communities.

In these uncertain times, the economic and social im- perative to take bold action cannot be overstated.

However, change is coming. In communities across the country, innovation leaders are putting in place the building blocks needed to support entrepreneurs within 2022 ANNUAL REPORT ON ANGEL INVESTING IN CANADA *Central Canada (ON, QC), Northern Ontario (includes Thunder Bay, North Bay, Sudbury, Timmins, Sault Ste. Marie, Kenora). See also, p. 40.

Jess Joss , Angel Investor Emilie Boutros , Managing Partner, TandemLaunch

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