2022 Report on Angel Investing in Canada 110822

PREFACE Leading Change

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continues to be plagued by systemic biases and barriers. That said, a handful of trailblazers are rolling up their sleeves to tackle these issues head-on. We are inspired by the work of Claudette McGowan , chair of the Coalition of Innovation Leaders Against Rac- ism and founding member of Phoenix Fire, an angel-stage investment fund supporting women entrepreneurs, and by Carol Anne Hilton , who is leading groundbreaking work to strengthen Indigenous economies through re- search, education and engagement at the Global Centre of Indigenomics. And Sonya Shorey at Invest Ottawa, in collaboration with Capital Angel Network, has helped build and grow SheBoot, a national program that engag- es women angels to invest in and mentor tech-enabled, women-led companies.

We are privileged to support and amplify the invalu- able work of these leaders. While many more unsung heroes are leading change, the champions featured throughout this year’s report are representative of an evolving national landscape. As NACO celebrates its 20th anniversary, we strive to build a future that is better than the past. On the ground in local communities across the country, our members are helping us drive progress across Canada’s innovation ecosystem. By leveraging our na- tional platform and network of early-stage investors, along with our country’s most prominent business incu- bators and accelerators, we can push Canada‘s innova- tion ecosystem to the next level.

2022 ANNUAL REPORT ON ANGEL INVESTING IN CANADA

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