37
Investment Context Executive Summary
T his is the 11th annual Report on Angel Investing in Canada. It reports on the investment activity of an- gel organizations in 2020 – the year of the COVID-19 pandemic. The Canadian economy suffered a dramatic contraction in economic activity from March as govern- ments at all levels introduced restrictions on individuals and businesses in an attempt to control the coronavi- rus. There was a partial economic recovery in the mid-
dle of the year but further economic contraction later in the year as the second wave of the pandemic took hold. There was concern in the early months of the pandem- ic that it would result in a significant decline in angel investing, which would adversely impact the innovation ecosystem on account of the critical role of angel in- vestors in investing at the start of the entrepreneurial pipeline in new and emerging businesses.
202 1 ANNUAL REPORT ON ANGEL I NVEST I NG I N CANADA The Chang i ng Landscape
Powered by FlippingBook