Angel investors provide the capital, guidance, andnetwork connections needed to facilitate growth for early-stage companies and create economic prosperity for local communities. By leveraging the experience of Angel Groups and networks such as Northern Ontario Angels and adapting for the needs and values of the Yukon innovation ecosystem, we can mobilize a new community of angel investors to fuel entrepreneurship in the region. The success of this initiative will be dependent on the ability of key ecosystem stakeholders to work together towards a common goal and vision with a continued focus on the needs of local entrepreneurs. The project goals and recommendations outlined in this report should serve as a reference guide to inform the foundational work associated with developing a robust angel investment community in Yukon. An ongoing and iterative approach is recommended to ensure that early- stage investment activities in Yukon, works for Yukon. In order to ensure that a local community of angel investors can continue to grow and make a meaningful impact for Yukon entrepreneurs, we recommend that ongoing efforts are focused on entrepreneur and investor education and on creating opportunities for promotion, engagement and connectivity. Additional efforts will be required to coordinate the community of local investors with those from outside the territory. As investment activity increases in the region, so will momentum for the innovation ecosystem, attracting new outside investors and opportunities. Entrepreneurs are the job creation engines of our local communities and NACO remains committed to supporting the angel community development process, which will energize sustainable economic growth and inclusive prosperity in Yukon and beyond.
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MOBILIZING ANGEL ACTIVITY IN YUKON
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