2022 Report on Angel Investing in Canada 110822

PREFACE Leading Change

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emerging provincial and territorial ecosystems. Together we are creating a more collaborative, nationally acces- sible entrepreneurial economy. In BC’s Okanagan region, Brea Lake , CEO of Acceler- ate Okanagan, is a driving force behind one of Cana- da’s fastest-growing tech and innovation ecosystems. In Winnipeg, Joelle Foster , CEO of North Forge Tech- nology Exchange, is sharing her passion and drive with local founders building growth-oriented ventures. And in Atlantic Canada, Michelle Simms , President and CEO of Genesis, is helping to turn Newfoundland and Labrador‘s USD $2.75 billion success story with Veraf- in into greater opportunities for an entire generation of founders, while opening up new avenues for innovation and economic growth in the region. This year‘s report also highlights persistent sector in- equities, as evidenced by the bulk of 2021‘s investment being channeled into information and communication

technology companies (ICT). Nonetheless, entrepre- neurs across Canada are building future-fit companies that are poised to solve some of the world’s biggest challenges in areas where Canada is well-positioned to lead. In Cleantech — Julie Angus is deploying a fleet of au- tonomous boats to observe, protect and understand our oceans with Open Ocean Robotics. Amanda Hall ’s di- rect lithium extraction (DLE) processes at Summit Nan- otech are unlocking new lithium resources as we drive toward a more sustainable future. Stephanie Sang is increasing the accessibility of grant funding to support small and medium sized businesses, helping create future jobs and opportunities with Grant- ed, while Bobbie Racette is building flexible work op- portunities for a diverse workforce with Virtual Gurus. Jenelle Sobey , founder of Riddl, and Laura McGee , founder of Diversio, are creating innovative tools and

2022 ANNUAL REPORT ON ANGEL INVESTING IN CANADA

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