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Canada’s Innovation Ecosystem –
A Foundation for Future Growth
Dan Herman
Executive Director
DEEP Centre Inc.
The DEEP Centre: Focused on Canada’s Future
The DEEP Centre’s research informs action on
the two following axis:
1) Unders...
Source: Global Entrepreneurship Monitor 2015
Canada: The 2nd Most Entrepreneurial Economy
Canada: Entrepreneurs Across Industries
Canada: Entrepreneurs by Choice
Canada’s Support System for High-Tech Entrepreneurs
Canada’s Support System for High-Tech Entrepreneurs
Canada’s Output of High-Growth Firms
Source: Canadian Venture Capital Association 2016
Source: Canadian Venture Capital Association 2016
Canada’s Output of High-Growth Firms
Since January 2014:
• One major technology IPO (Shopify May 2015)
• 9 companies have ...
The Waterloo-Toronto Corridor
Waterloo-Toronto hosts 50% of
Canada’s top tech companies
(Series A funding or more)
Waterlo...
Where Canada Lags Behind
• Talent across sectors and disciplines enabled by strong links with
world-class post-secondary institutions;
• Enabling i...
For more:
Dan Herman
Executive Director, DEEP Centre
Waterloo
dherman@deepcentre.com
@danherman
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A Primer on Canada's Innovation System

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As presented to Canada-Japan Futures Forum - March 18, 2016 - Fostering Entrepreneurship and Innovation Partnerships

Published in: Economy & Finance
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A Primer on Canada's Innovation System

  1. 1. Canada’s Innovation Ecosystem – A Foundation for Future Growth Dan Herman Executive Director DEEP Centre Inc.
  2. 2. The DEEP Centre: Focused on Canada’s Future The DEEP Centre’s research informs action on the two following axis: 1) Understanding the changing nature of entrepreneurship and innovation-enabled growth in the global economy 2) Assessing how governments and firms can adapt and foster innovation, economic growth and employment
  3. 3. Source: Global Entrepreneurship Monitor 2015 Canada: The 2nd Most Entrepreneurial Economy
  4. 4. Canada: Entrepreneurs Across Industries
  5. 5. Canada: Entrepreneurs by Choice
  6. 6. Canada’s Support System for High-Tech Entrepreneurs
  7. 7. Canada’s Support System for High-Tech Entrepreneurs
  8. 8. Canada’s Output of High-Growth Firms
  9. 9. Source: Canadian Venture Capital Association 2016
  10. 10. Source: Canadian Venture Capital Association 2016
  11. 11. Canada’s Output of High-Growth Firms Since January 2014: • One major technology IPO (Shopify May 2015) • 9 companies have raised $100million or more • 61 companies have raised a Series B/C or more • 150 companies have raised a Series A or more • The top 70 tech scaleups employ over 10,000
  12. 12. The Waterloo-Toronto Corridor Waterloo-Toronto hosts 50% of Canada’s top tech companies (Series A funding or more) Waterloo’s startup density second in the world behind Silicon Valley Toronto ranked12th in the world for venture capital investment
  13. 13. Where Canada Lags Behind
  14. 14. • Talent across sectors and disciplines enabled by strong links with world-class post-secondary institutions; • Enabling infrastructure and financing environment; • Government leadership in policy, measurement and regulation; • Business culture that embraces risk and experimentation; • Anchor industry firms who absorb and circulate talent, dollars and ideas into their local ecosystems; • Universities that remain on the cutting edge of research, teaching and experiential learning. Growth Ecosystems: What’s Necessary
  15. 15. For more: Dan Herman Executive Director, DEEP Centre Waterloo dherman@deepcentre.com @danherman

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