NACO’s Entrepreneurship Capital Action Plan consultation document proposes the following measures. 13
Co-investment initiatives – to leverage angel investment and enable their investment funds to go further.
Tax incentives - reducing angel risk in order to expand the amount of finance invested.
Securities regime exemptions – to extend the pool of potential angel investors.
Angel group support - to enable them to support their investors to make investments and enable entrepreneurs seeking finance to become ‘investment ready’. NACO is developing an Entrepreneurship Capital Access plan that will provide further detail on these recommendations, and build on the findings of this report, and consultations with various stakeholders. 13 It would be alarming if next year’s Report on Investment Activity reveals a sharp decline in angel investment, as it would be a likely signal that entrepreneurial activity has also fallen. Such a development would have long-term negative impacts for the Canadian economy. Moreover, these impacts will be felt unequally across regions and demographics, widening geographical disparities in economic and social progress.
13 NACO (2020) Entrepreneurial Capital Action Plan: National Policy Consultation on Sustaining Canada’s Innovation Economy. https://builtbyangels.com/consultation
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ANNUAL REPORT ON ANGEL INVESTING IN CANADA
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