I N V E S TME N T ACT I V I T Y I N 2 0 2 0 The F i nanc i ng Funne l
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from 2014-2016. The funding rate — the proportion of businesses invited to present that attracted funding – is higher than in three of the previous six years. However, the application success rate — the proportion of busi- nesses that approached angel organizations that raised funding — was lower or the same as in five of the pre- vious six years.
Comparing these figures on funding success in 2020 with previous years, once again suggests that raising fi- nance in 2020 was not distinctively different from the past (Table 5). The presentation rate — the proportion of businesses approaching angel organizations that were invited to present — was higher in 2020 than in the previous three years but lower than in the years
Presentation, Funding and Application Rates TABLE 5
2014 (n=21)
2015 (n=27)
2016 (n=30)
2017 (n=37)
2018 (n=19)
2019 (n=13)
2020 (n=24)
Presentation rate 1
24%
30%
30%
14%
17%
9%
22%
Funding rate 2
33%
21%
26%
41%
51%
26%
29%
Application success rate 3
8%
6%
8%
6%
9%
2%
6%
Notes: 1 The ratio of presentations to applications 2 The ratio of presentations that result in funding 3 The ratio of applications that attract funding
202 1 ANNUAL REPORT ON ANGEL I NVEST I NG I N CANADA The Chang i ng Landscape
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