T H E I N V E S TME N T E N V I RONME N T Pa t hways t o Equ i t y
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Pathways toEquity
BY NAT I ONA L ANG E L CA P I TA L ORGAN I Z AT I ON
A lack of representation has a so- cial and economic dimension. Ac- cording to Innovation, Science, and Economic Development Canada’s (ISED) 2020 Restart, recover, and reimagine prosperity for all Canadi- ans report, ethnic and gender diver- sity are correlated with profitabil- ity, yet women and diverse groups remain underrepresented in our
for Black and Indigenous Peoples and women are a lack of network and many times as a result, a lack of capital. Due to historical patterns, systemic inequities, and harmful biases, underrepresented entrepre- neurs continue to face barriers to networks and access to capital in the crucial early stages of the entre- preneurial journey.
The early-stage ecosystem is syn- onymous with innovation. However, the total innovative power of Can- ada can only be harnessed with an equitable entrepreneurial ecosys- tem that is representative of the di- versity of our country.
Two major issues contributing to a lack of representation, specifically
202 1 ANNUAL REPORT ON ANGEL I NVEST I NG I N CANADA The Chang i ng Landscape
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