T H E I N V E S TME N T E N V I RONME N T The Impo r t ance o f S t r uc t u r ed Ange l Ac t i v i t y and Gove r nment Suppo r t
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www.NACO.academy to train the next generation of angel investors.
Consumer Affairs Authority of Sas- katchewan have already begun a pilot program that lowers the min- imum income needed to $75,000 annually in order to begin invest- ing amounts of up to $10,000 per year following consultations with NACO and other key stakehold- ers. Additionally, NACO has de- veloped and recently launched NACO Academy digital modules at
eliminating the accredited investor requirements, described as “outdat- ed and not relevant.” NACO is proud to have submitted a comment letter to Canada’s securities regulators to support the broadening of the definition of an accredited investor to be more inclusive to those with expert knowledge of the innovation ecosystem. The Alberta Securities Commission and the Financial and
Policy development should take into consideration provincial and region- al dynamics as well as the needs and maturity of each specific local innovation ecosystem. Canada is a diverse country. A single, uniform approach will not be effective.
202 1 ANNUAL REPORT ON ANGEL I NVEST I NG I N CANADA The Chang i ng Landscape
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