E X ECU T I V E S UMMA RY Conc l us i on
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tors and entrepreneurs will ensure that our early-stage ecosystem can produce the high-quality, VC-ready companies that grow to be the uni- corns of tomorrow.
and programs that support the ear- ly-stage investment ecosystem are an effective tool to spur innova- tion and growth. Access to capital poses a significant barrier to en- trepreneurial growth and requires a multi-faceted approach that takes into consideration regional and provincial differences and address- es the needs of all entrepreneurs, of all backgrounds in all locations. A well-designed combination of policy mechanisms such as tax credits combined with financial support for structured angel activity as well as education for both inves-
It is imperative that we contin- ue to grow the capital available to Canadian entrepreneurs, especially at the critical early stages of a busi- ness. A decrease in angel activity has reverberating and long-term im- pacts across the innovation ecosys- tem. Policy-makers must therefore ensure that Canada continues to have a healthy angel investor com- munity by recognizing that angel capital is vital to Canada’s econom- ic recovery and future growth and acting upon this. Entrepreneurship drives economic development and targeted policies
202 1 ANNUAL REPORT ON ANGEL I NVEST I NG I N CANADA The Chang i ng Landscape
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