Stay up to date on the latest news about NACO. For more information contact the media team at or 416-581-0009 ext. 2.

June 2017

Inside the Canadian Start-Up Scene

June 27, 2017

The entrepreneurial spirit is booming in Canada, where thousands of start-ups are developing tech that could change the shape of our lives. No wonder Silicon Valley is paying attention. Read More.

April 2017

BDC Capital Appoints New Managing Director, Strategic Investments and Women in Tech

April 13, 2017

BDC Capital, the investment arm of the Business Development Bank of Canada (BDC), is pleased to announce the appointment of Michelle Scarborough as Managing Director, Strategic Investments and Women in Tech. Ms. Scarborough is well positioned to champion BDC Capital’s support for women entrepreneurs. She is Past Chair of the National Angel Capital Organization, a founder of the Women’s Angel Network in Canada and an advisory member for Women in Energy and Private Equity. Read More.

March 2017

Capital fund for small businesses launched

March 10, 2017

Canada’s biggest banks and other financial institutions have launched a fund of up to $1 billion over 10 years to help small- and medium-sized companies access capital to grow their businesses.

The fund, which will be financed by the private sector and aims to fill the gap between angel investors and the public markets, will initially start at $500 million for the first year.

If demand from the businesses is strong and the fund’s performance is good, it could be increased to a total of $1 billion over the next nine years. Read more.

February 2017

Kickstarter opens Canadian office after snapping up Vancouver startup

February 1, 2017

Kickstarter PBC, the eight-year-old technology company that is practically eponymous for crowdfunding, has opened its first international office in Canada through the acquisition of Vancouver live-streaming video startup Huzza Media Inc.

On its own, the acquisition is a good moment for Vancouver’s tech community, but it also serves to highlight Canada’s immigration policies when it comes to entrepreneurial newcomers after a tense weekend in the United States that saw more than 2,900 members of Canada’s tech industries sign an open letter to the Trudeau government urging it keep the country’s borders open. Read more. 

January 2017

How Angel Investors Value Pre-Revenue Startups

January 12, 2017

It’s always an interesting discussion when valuing early stage startups without existing revenue. Fundamentally, valuing a startup is very different than valuing an established company. Quantitative analysis and financial projections don’t always predict the future success of the early stage startup.  Read more. 

Ask an Investor: What are the Mistakes Founders Make When Preparing Financial Projections?

January 12, 2017

1. List deferred revenue separate to other revenue

Deferred revenue is a liability that is created when monies are received by a company for goods and services not yet provided. Deferred revenue can help inflate a startup’s numbers early on. It is important that financial projections be clear about whether there is deferred revenue included in financial projections. If it’s not made clear, investors will likely ask. Read more.

October 2016

Vancouver Economic Commission: Vancouver’s Tech Boom Brings Together Canadian Investors, East and West

October 14, 2016

Last week hundreds of investors from across the country and the US descended on Vancouver for the National Angel Capital Organization’s (NACO) 2016 National Angel Summit, the largest and most prestigious conference of its kind in Canada. The annual conference allows angel investors – those who invest in early stage ventures – to share best practices and learn about promising investment opportunities. There has been a noticeable buzz at this year’s conference, driven in part by record-breaking investment levels in 2015. NACO reported that angels across the country invested $133.6M in startups last year – a 48 percent increase – while total venture capital hit a 10-year high, according to the Canadian Venture Capital & Private Equity Association. Read More.

BetaKit: Manny Padda Wins Angel of the Year Award from NACO

October 12, 2016

Last week, the National Angel Capital Organization (NACO) announced that the Angel of the Year award, presented by BDC Capital, has been awarded to Manny Padda.

Padda received the award for contributing to the growth and developing of angel investing in Canada through mentorship, investment, and leadership within the country’s ecosystem. Padda is the founder and managing director of New Avenue Capital, a firm that focuses on venture capital, recruitment, private lending, social venture, and philanthropy. Padda, who built his first multi-million dollar company at 26, is also a founder of GradusOne, an organization that connects students and graduates with mentors and resources to help them refine their career paths. Read More.

PE Hub: Manny Padda named angel of the year by NACO, BDC Capital

October 6, 2016

The National Angel Capital Organization(NACO) and BDC Capital have given the 2016 Canadian Angel of the Year award to Manny Padda. The award, presented at NACO’s National Angel Summit, recognizes an individual investor who has made a significant contribution to the growth and development Canada’s angel ecosystem. Padda is the founder and managing director of New Avenue Capital, a Vancouver-based firm focused on venture capital, recruitment, private lending and real estate, and social venture and philanthropy. He has led the organization since 2010. Read More.

Business in Vancouver: Vancouverite Wins National Angel of Year Award

October 6, 2016

Angel investing in B.C. got a shot in the arm this week as the National Angel Capital Organization’s (NACO) for the first time hosted its national summit in B.C. To cap off that summit, the Canadawide organization recognized a Vancouverite as its angel of the year. NACO awarded former Business in Vancouver 40 Under 40 winner Manny Padda with its highest honour October 5 at a ceremony at the Marriott Pinnacle. Read More.


Carolyn King: Should Ottawa support wealthy angel investors? They think so. Here’s why

October 5, 2016

If you’ve been hearing more about angel investing lately, you’re not alone. Because of widespread digitization, the process of starting a company has changed dramatically in the past 15 years. The time and costs related to developing a tech product — even one with significant potential consumer appeal — have dropped, as has the amount of seed money needed to get a company off the ground. Read More.

September 2016

Research Money: Angels urge Ottawa to address funding gap for early stage companies

September 8, 2016

“Punitive” tax rules and a dearth of early stage investment capital are making it difficult for many tech start-ups to recruit top talent and grow into sustainable companies. The National Angel Capital Organization (NACO) has been taking that message to senior bureaucrats and politicians as part of a lobbing campaign – the largest to date for the 14-year-old group- aimed at growing Canada’s funding ecosystem. Read More.

August 2016

Techvibes: Which Type of Financing is Right For Your Startup? The Pros and Cons of Angel Investing

August 30, 2016

Having a great idea for a business is one thing. Getting the financial backing to grow, scale and make it a success is quite another. Most entrepreneurs approach funding in stages, starting by dipping into their own savings, going cap-in-hand to friends and family, taking advantage of government grants, crowdfunding and potentially seeking angel and venture capital. Read more.


Hill Times: Angel investors key to creating a 21st-century innovation economy

August 25, 2016

Entrepreneurship is thriving in Canada, but we must provide it with the fuel it needs for growth.

In Canada, we chronically undercapitalize our promising companies, leaving many entrepreneurs struggling to find early-stage risk capital just when they need it most. As a result, many look to the U.S., where capital is easier to secure, and Canada’s economy loses out on good, well-paying jobs.

Read the full PDF of Michael Volker’s piece from the Hill Times here.


July 2016

Winnipeg Free Press: Angel investing growing quickly here, report says

July 14, 2016

This may not be the epicentre of activity, but angel investing is alive and well in Manitoba.

Last year, Manitoba companies raised about $30 million from at least three groups of angel investors.

According to a report released this week by the National Angel Capital Organization, nationally there was almost a 50 per cent increase in the amount invested by the angel investor groups the group is getting data from. Read more.


PE Hub: Angels put $134 mln to work in Canadian startups in 2015

July 14, 2016

Angel investors invested $134 million in Canadian startups in 2015, according to a new report by the National Angel Capital Organization (NACO). The report, based on a survey of 32 Canadian angel groups, found dollar flows to some 283 investments up 48 percent relative to 2014. The average deal size was over $1 million. NACO said 2015 is the third year of substantially increased angel investment activity in Canada. Read more.

Globe and Mail: Survey shows angel investments on the rise in Canada

July 13, 2016

Canadian startups are benefiting from a buoyant market for early-stage investors, but those that get bigger and more successful encounter a serious shortage when seeking larger growth capital venture investments, according to two reports from Canadian early-stage financing organizations.

A survey this week by the National Angel Capital Organization – which represents “angels,” or wealthy individuals who invest directly in startups – finds the market for angel investments was “significantly more buoyant in 2015 than in 2014.” Read more.

Report: Angels invest $133 million in Canadian startups in 2015, up 48 percent from 2014 – BetaKit

July 13, 2016

The National Angel Capital Organization released its sixth annual report on angel investing activity in Canada.

The 2015 Report on Angel Investing Activity in Canada, released in partnership with BDC Capital, KPMG Enterprise, and Industry Canada, was based on a survey of 32 Angel groups across Canada representing 1,650 active Angels. These groups, which represent 60 percent of NACO investors across Canada, made 283 investments amounting to $133.6 million in 2015, while the average deal size was $1.16 million. This 48 percent increase from 2014 was largely due to follow-on investments. Read more.

June 2016

Ace Entrepreneur – Skin-care company wins Venture Challenge amid strong field

June 23, 2016

On Wednesday, her company, Huna Natural Apothecary, won Innovate Manitoba’s 2016 Venture Challenge against a field of five other presenters that were arguably some of the most polished presenters in the program’s history.

By landing first place, Urquhart wins $10,000 in cash and $100,000 worth of business-support services as well as an expenses-paid trip to attend the Banff Venture Forum or the Canadian Financing Forum and the opportunity to attend and possibly present at the National Angel Capital Organization Summit in Vancouver, B.C.

Previous Innovate Manitoba’s Venture Challenge participants and winners — Permission Click, Portray Media, Kindoma and — have won both the National Angel Capital Organization and the Canadian Financing Forum pitch competitions against participants from across the country the previous two years. Read more

May 2016

BetaKit: NACO Hosting Inaugural Western Regional Summit for Angel Investors on May 24

May 11, 2016

On May 24, the National Angel Capital Organization is hosting its first-ever Western Regional Summit in Calgary. It’s the largest regional event for Angel investors in Canada. Read More

April 2016

Virtual-Strategy Magazine: Solace Power Appoints New Board Members

April 12, 2016

Solace Power, developer of leading edge wireless power technology RC² announces the appointment of 2 new board members. The new members are Michael Dudzik, VP of Science and Technology at Lockheed Martin, and Ross Finlay, co-founder and Director of the First Angel Network (FAN). Solace has also re-appointed 4 board members including Ret Col. Peter Newell, Managing Director of BMNT Partners, and former Director of the US Army Rapid Equipping Force. Read More

BetaKit: Startup Festival Creates Five New “Premium Fests” to Encourage Closer Connections

April 7, 2016

Since 2011, the Startupfest has been attracting over 2,000 founders, investors, and analysts to Montreal to learn from tech thought leaders and make connections with similar-minded entrepreneurs. Pitching sessions including Grandmother Judges and Art Walls have put an interesting spin on the usual idea of a tech conference as the event set out to differentiate itself. Read More

Techvibes: Startupfest Launches Five Separate Mini-Events to Tap Full Breadth of Attendees

April 7, 2016

Startupfest is changing up its annual event this year. New for 2016 are “Premium Fests,” a series of five one-day events that each represent a demographic of Startupfest. They are: AngelFest is a one-day event dedicated to exposing what’s next in early-stage startup investment. Held in collaboration with NACO, this event brings together seasoned and prospective members of the global Angel investment community. Read More

BDC Capital: BDC Capital and Startupfest Join Forces to Create a Series of Premium Festivals

April 7, 2016

BDC Capital, the most active venture capital investor in Canada has signed a multi-year partnership agreement with Startupfest, the largest startup conference in the country, to build a set of premium festivals that facilitate knowledge exchange, sharing of best practices, network expansion and enhanced collaboration between key players in the venture capital ecosystem – emerging tech founders, venture capital funds, Angel investors, and accelerators. Read More

March 2016

Winnipeg Free Press: Startup Joins Forces with Friesens Corp. to Expand Operations

March 29, 2016

Less than two years ago, Permission Click was named startup of the year by the National Angel Capital Organization summit. This week, the Winnipeg company closed a $1.75-million financing led by Friesens Corp. of Altona and Real Ventures of Montreal that will allow the company to aggressively distribute its service. Read More

The Globe and Mail: For a Fraction of the Price, Angel Investors Can Pay Huge Dividends

March 2, 2016

It seems now to be dogma that Canada is suffering innovation and productivity gaps resulting from its deficit of stable, growing, vibrant next-generation companies. While everyone seems to agree about the hugely positive employment roles played by small and medium enterprises, very few have articulated comprehensive solutions to the perceived problems. Read More

February 2016

Winnipeg Free Press: Venture Funds Often Fail to Find Way to Manitoba

February 18, 2016

BDC launched a new $150-million information technology venture capital fund Wednesday, but it’s not like they were dancing in the street on Winnipeg’s Innovation Alley. After all, BDC Capital’s predecessor IT fund — which also had $150 million to work with — invested a total of zero dollars in Manitoba companies. But that’s not to say the new one won’t. Robert Simon, the managing partner of the BDC IT Venture Fund II, said, “We’re looking,” as if he was anticipating the question as to why there are no Manitoba investments and whether or not there ever will be. Read More

Techvibes: Top Five Trends for Angel Investing in Canada

February 12, 2016

Angel investors are an increasingly crucial component to the success of Canada’s emerging startups. In the past four years, members of the National Angel Capital Organization have invested $270 million in startups. Here are five trends members of the organization see moving forward. 1. Greater investment in Canada’s tech industry. The country has all of the necessary ingredients to be a tech powerhouse and strategically investing in this sector can offset the thousands of jobs lost from sectors like oil.” Read More


CBC: Startup Visa Program a ‘Disappointment,’ Says Windsor, Ont. Lawyer

February 12, 2016

It is supposed to be a way to expedite permanent residency for people who want to start their own business in Canada. But three years since its inception in April 2013, just 100 people have come to Canada through the Startup Visa program, and that includes dependents, CBC News has learned. By 2014, just four people and their five dependents had gained permanent residency through the program, according to Citizenship and Immigration Canada.” Read More

December 2015

The Canadian Business Journal: PLUM Caps Off a Banner Year

December 12, 2015

It has been an exceptional year for the award winning startup Plum and its Co-Founder and CEO, Caitlin MacGregor. This month MacGregor closed a $1.7 million dollar funding round, celebrated 200% growth over the last six months and gave birth to her second child. “It’s a helluva story about a female CEO that has incredible drive and has been awarded success both professionally and personally,” says Alan Quarry, a Plum Angel investor from Golden Triangle Angel Network. Read More

The Globe and Mail: Businesses Need to Move out of their Comfort Zones to Survive Economic Booms and Busts

December 10, 2015

Hole’s Greenhouses & Gardens has been a staple of the Edmonton community since Lois and Ted Hole opened up shop in 1979. But as the company grew older, however, so did its customer base, and it wasn’t attracting much interest from younger people. Nearly 35 years after opening its doors, sensing that such demographic challenges would threaten the future of the family business, son and co-owner Jim Hole put a bold plan into action. Read More

November 2015

Financial Post: Canada’s Tech Sector is so Hot Investors are Going to Boot Camp to Get a Piece of it

November 19, 2015

Canada’s technology scene is so hot that investors are going to startup boot camp to learn how to get a piece of it. About 150 Angel investors last month attended a three-day conference in Niagara-on-the-Lake, Ontario, learning about crowd funding, exit strategies and term sheets. The National Angel Capital Organization put together the event across the Niagara River from Lewiston, New York, for Canadians eager to get in on the burgeoning industry while supporting the next generation of entrepreneurs. Read More

Financial Post: Why Aspiring to Achieve Unicorn Status Could be Dangerous for Startups

November 17, 2015

A stampede of private companies have reached a valuation greater than $1 billion and if the trend continues, the pastures where these so-called unicorns graze will get even more crowded. This year alone, according to private company analytics firm CB Insights, there were 62 new unicorns, as companies in the $1-billion club have come to be known after Cowboy Ventures’ Aileen Lee famously coined the term in a blog post two years ago. Read More

Huffington Post: Sowing the Seeds of Startups

November 17, 2015

“It’s going to be a really cool class and the best part is that the winning group gets $100,000 to start their business!” said my son. In his second year at the University of Calgary’s Haskayne School of Business he’d signed up for a class in entrepreneurship. In groups of six, students, with the help of a mentor, would identify and research a business idea, write a business plan and present it to a panel of industry leaders. Read More

The Globe and Mail: Despite New Rules, Equity Crowdfunding is no Picnic

November 12, 2015

New equity crowdfunding rules are being hailed by proponents as good news for small businesses looking to expand. However, some experts are warning crowdfunded businesses will face a big challenge in managing a broad base of retail investors. Unlike regular crowdfunding, where people donate cash to help get a project off the ground, equity crowdfunding allows investors to buy a stake in the venture and cross their fingers for a financial return. Read more

October 2015

Financial Post: What Politicians Need to do to Save the Canadian Economy

October 16, 2015

If there is one thing I’ve learned from this election campaign, it’s that saving the Canadian economy will take more courage than the politicians are capable of showing. Specifically, Canadians will soon have to come to terms with offering more handouts to the rich. This isn’t a popular notion. Rich people, according to our progressive tax code, exist to be fleeced. Read More

BetaKit: Mike Cegelski Wins Angel of the Year From NACO

October 14, 2015

Last week, the National Angel Capital Organization (NACO) award for Angel of the Year, presented by BDC Capital, was awarded to Mike Cegelski. NACO gives the award to an investor that has made a significant contribution to Canada’s Angel ecosystem, through a combination of investment, leadership, and mentorship, at NACO’s National Angel Summit. Read More

Techvibes: Portray Advertising Wins Most Promising Startup of the Year at NACO National Angel Summit

October 8, 2015

Portray Advertising is the winner of the Most Promising Startup of the Year Award at the annual NACO National Angel Summit. The Winnipeg-based company competed against 15 other startups for the award after a day of pitching and a final five-pitch competition. The judging panel was made up of Angel investors and venture capitalists. Read More

Financial Post: Winnipeg Startup Puts in a Pitch Perfect Performance at the NACO National Angel Summit

October 8, 2015

Startup Portray Advertising from Winnipeg beat out 15 other startups to walk away with the Most Promising Startup of the Year Award at the annual NACO National Angel Summit in Niagara-of-the-Lake, Ont. last night. The annual pitch competition celebrates promising early-stage Canadian companies that have demonstrated successful growth. Read More

Winnipeg Free Press: Winnipeg Startup that has Developed Food Trays with Ad Inserts Wins Award

October 8, 2015

For the second year in a row a Winnipeg company has won the Most Promising Startup of the Year Award at the annual National Angel Capital Organization National Angel Summit. Portray Advertising, founded by Kyle Boult and Greg Lipschitz, has developed a proprietary transparent cafeteria food tray that allows retailers, brands and organizations to insert relevant communications in the interior creating a whole new venue for mall advertising. Read More

The Globe and Mail: Does Dragons’ Den Reflect Real Life?

October 7, 2015

When John and Leah Garrad-Cole went on Dragons’ Den in 2013, they were seeking what most entrepreneurs do when applying to be on the CBC TV business-pitch program: publicity and maybe some financing to boost the business. The husband-and-wife founders of baby food maker Love Child Organics, based in Whistler, B.C., had already landed Wal-Mart as a client in Canada and were looking for more money to expand into the United States and to build their product lineup. Read More

The Globe and Mail: Liberals’ Innovation Pledge gets Mixed Response from Startups

October 4, 2015

A big-dollar promise by Justin Trudeau to support Canada’s innovation economy is turning up the heat on a simmering debate inside Canada’s startup community. At issue is what, if anything, government should be doing to foster the creation of businesses and tech hubs, and whether those efforts should be about creating structures or just providing investment or incentive dollars. Read More

September 2015

BetaKit: Monday is the Last Day to Nominate the Canadian Angel of the Year

September 10, 2015

The window is fast closing to submit for the National Angel Capital Organization’s (NACO) Canadian Angel of the Year Award, presented by BDC Capital. The award recognizes an experienced Angel investor who has made a significant contribution to the development of the Canadian Angel ecosystem between June 1st, 2014 and May 31st, 2015. Read More

Financial Post: Canada’s Busiest Angel Group has a Knack for Picking Good Startups and Even a Home Run or Two

September 8, 2015

In a recent study on Angel investing activity in 2014, the National Angel Capital Organization ranked Toronto-based Igan Partners as Canada’s busiest Angel group — No. 1 for total capital invested and No. 3 for number of investments. You’d be forgiven, for not knowing who they are, although they won’t be unknown much longer. Read More

July 2015

Government of Canada: Government of Canada Investment to Support Growth of Angel Investor Community in Western Canada

July 30, 2015

Today, Andrew Saxton, Member of Parliament for North Vancouver, on behalf of the Honourable Michelle Rempel, Minister of State for Western Economic Diversification, announced $1.5 million in Western Diversification Program funding to the National Angel Capital Organization (NACO), to implement a three year initiative aimed at growing the Angel investor community in Western Canada. Read More

York Angel Investors: Dapasoft Secures Over $4 Million Investment to Expand Into The US And Global Markets

July 28, 2015

A Toronto based IT consulting group with a strong focus in healthcare IT has secured a $4.035M investment from the York Angel Investors (YAI). This funding will not only support Dapasoft’s growth and expansion plans, but it also represents the YAI’s largest deal ever. “Investing in Dapasoft is just another example of YAI’s commitment to strengthening the York Region’s science and technology sector.” Read More

Marketwired: Toronto Based Startup Viafoura Attracts International Investors After Unprecedented Growth

July 24, 2015

Toronto based technology startup Viafoura has received investment from international venture capitalists. This funding not only represents an important international partnership, but it also recognizes Viafoura’s growth and expansion plans. Viafoura is one of the most exciting SaaS companies competing in the fast growing Digital Publishing space. Read More

Canada Business Review: Angel Investing Big in Canada – What Are Other Options For Other Regions?

July 15, 2015

When it comes to starting a business, you need funding, right? After all, if you don’t have money to get started, then how do you actually expect to, you know, get started? Luckily enough, there are a variety of ways to go about obtaining investments for your business. Of course, depending on the specific type of company you plan on starting could determine the course of action you take. Read More

Business Review USA: The Most Popular Funding Options For Your Business

July 15, 2015

When it comes to obtaining funds for a business venture, there are plenty of options available— worldwide. Depending on your location and the type of company you wish to start, you may discover that one investment for you is better than another.However, it’s still nice to know that there are choices, and lots of them! Read More

Waterloo Record: Local Angel Investors Ranked 5th in Canada

July 9, 2015

A local group that funds early-stage startups is ranked fifth in Canada for the amount it invested last year, according to the annual report released by the National Angel Capital Organization. The Golden Triangle Angel Network, which has about 100 members, made 15 investments last year totalling $4.2 million, Rob Douglas, the network’s president, said in an interview Thursday. Read More

ITWorld Canada: Angel Funding For Canada Tech Firms Reaches New Heights

July 8, 2015

Things are looking up for early-stage funding in Canada, according to a report released by the National Angel Capital Organization. NACO, which represents Angel investors north of the border, surveyed 30 groups of these investors across the country. It found that investment has more than doubled since 2012, reaching $90.5 million compared to $40.5m three years ago. Read More

Waterloo Chronicle: Angel Groups Invested $90.5 Million In 181 Companies Last Year In Canada

July 7, 2015

The National Angel Capital Organization released its annual activity report. The report, which is based on a survey of 30 Angel groups across Canada, reveals these groups made 237 investments in 181 companies, amounting to $90.5 million, with an additional $110.4 million of funding leveraged into the investments. Read More

CBC: Northern Ontario Angels Earn No.1 Spot For Business Investment

July 6, 2015

A northern based organization that helps entrepreneurs get their businesses off the ground is being recognized for its work. The Northern Ontario Angels have been named the top Angel investment group in the country by the National Angel Capital Organization, based on a survey of members it did last year. Read More

June 2015

Financial Post: Angel Investors Infused $62M In 2014 Thanks To Interest In Startups

June 29, 2015

Angel investors were some-what bullish in 2014, investing $61.7 million in new ventures last year, a 66% increase over the year before. While that’s good news for startups, the 2014 Report on Angel Investing Activity in Canada showed that follow-on investments fell 37% last year to $28.8 million. Yuri Navarro, executive director of the National Angel Capital Organization, said it’s normal to see fluctuations in the mix of investments of Angel investors. Read More

BetaKit: NACO Report Says Canadian Startups Received $90.5 Million From Angel Groups Last Year

June 29, 2015

The National Angel Capital Organization (NACO) has released its annual report on Angel activity in Canada. A survey of 30 Angel groups, representing over 1,700 investors across Canada, the report for the first time includes data provided by Industry Canada on 110 Angel-backed startups to provide a more detailed economic profile. Read More

The Globe and Mail: Saskatchewan Startup Offers an Easier Way to Create And Share Videos

June 29, 2015

When Saskatoon Public Schools opened a forum on the painful legacy of Canada’s residential schools this spring, the educators wanted to incorporate a wide range of voices. Using an online storytelling platform, more than 40 people signed up to create their own two-minute videos that addressed the question: “What can we learn from what children, parents, and communities lost?” and posted their replies to the school board’s public page.Read More

Techvibes: Canadian Angels Invested $90 Million Across 181 Companies in 2014, Report Finds

June 29, 2015

Angel investor groups made 237 investments in 181 companies across Canada in 2014, amounting to $90.5 million, with an additional $110.4 million of funding leveraged into the investments, according to an annual report from the National Angel Capital Organization. “We’re deeply encouraged by the results of this year’s report, which shows that the increasing connectivity of our member Angels is helping to provide Canadian companies with the capital they need to continue growing locally,” said Yuri Navarro, NACO Executive Director. Read More

peHUB: Canadian Angel Investment Activity Reaches $91 Million in 2014

June 29, 2015

The National Angel Capital Organization today released its 2014 angel activity report based on a survey of Canadian Angel groups, which represents more than 1,700 individual investors. A total of 237 Angel investments were completed last year for a combined $90.5 million of financing. Read More

OneStory: Top 4 Conferences For Tech Startups in Canada

June 15, 2015

As the CEO of our Canadian tech startup, I journeyed throughout North America in 2013 and 2014 – meeting amazing folks at American conferences like SXSW in Austin, Tribeca Interactive Festival in New York, World’s Best Technology in San Diego and Launch Festival in San Francisco. As a highly proud Canadian entrepreneur, I also attended events across Canada. Read More

May 2015

The Globe and Mail: Startup Visa Program Starting to Gain Traction

May 29, 2015

The federal government’s Startup Visa Program, launched two years ago to lure immigrant entrepreneurs to grow their companies in Canada, is finally picking up steam. Citizenship and Immigration Canada said Friday that 16 applicants have been approved for permanent residency. They’re behind a total of eight companies, two of which have already been snapped up by larger technology companies. Read More

April 2015

Techvibes: Kensington Capital Partners Opens Calgary Office to Tap Alberta’s Energy Tech Potential

April 29, 2015

While falling oil prices highlight the need for diversification in the Canadian economy, sectors that have long lived in the shadows of the oil and gas sector are starting to emerge.New technologies are revolutionizing the energy sector and Alberta could become a global leader, leveraging its position as a major oil and gas market. The industry’s transformation is being driven by technologies that will help to diversify the economy while driving down costs and increasing environmental stewardship. Read More

KITE Invest: KITE Invest And The National Angel Capital Organization Talk About How It’s Championing Canada’s Angel Investing Community

April 29, 2015

The National Angel Capital Organization (NACO) was founded in 2002, and has since become Canada’s national champion of the Canadian Angel investing community with now more than 2000 members. With the sheer size of Canada there are over 30 Angel groups/networks, of which the majority of them are members of NACO. KITE Invest spoke with Yuri Navarro the Executive Director of NACO to discuss the layout of the Canadian Angel Investor community. Read More

Golden Triangle Angel Network: Angel Investing With Industry Expert Dr. Basil Peters

April 13, 2015

Together with the National Angel Capital Organization (NACO), Golden Triangle Angel Network (GTAN) is thrilled to announce an exciting upcoming educational event with angel investment expert, fund manager, writer and entrepreneur, Dr. Basil Peters. Internationally known for facilitating successful investments and strategic exits, Dr. Peters creates optimal “win-win” transactions for both new companies and Angel investors. Read More

March 2015

Business Review Canada: Calling All Angels: The Biggest Angel Investing Trends in Canada

March 20, 2015

Are you currently trying to secure funding for a startup business? You’ve most likely explored and exhausted various options, including crowdfunding and gaining financial help from friends and family. And if you don’t happen to be overly talented at putting cash into a personal savings account to assist you with your venture, then it may be time to explore a new option—Angels. Read More

The Globe and Mail: Five Angel Investing Trends to Watch in Canada

March 12, 2015

Canada’s dynamic technology sector is like a constellation of opportunity, with diverse and exciting startups dotting the country. And like the stars above, these bright lights of Canada’s new economy are being fuelled by something powerful and unseen: angel investment. From Vancouver to St. John’s, angels are filling an important gap between friends-and-family financing, venture capital and other sources of funding. They’re investing in emerging innovative companies, fostering the next generation of entrepreneurs and supporting technologies across a wide range of industries and sectors. Read More

January 2015

MacLean’s: Angel Investing Was Always Male-Dominated. That’s Finally Changing

January 19, 2015

Back in 2001, at an Angel-investing conference in Toronto—a gathering of wealthy individuals who provide early-stage funding to start-up businesses, hence the divine moniker—Coralie Lalonde was an unusual sight. As the precocious mid-thirties founder and CEO of Angel-investment group Katsura Investments, she was among peers. But as the event went on, she looked around the room and began to count. “I went, ‘Wait a second, am I the only girl here?’ ” she says. Read More

December 2014

The Chronicle Herald: Brushes with Death Fuel Ross Finlay’s Contribution

December 16, 2014

Something you don’t want to overhear when you come to in the emergency room after a motorcycle accident: one ER doctor whispering to another, “How is this guy even alive?” Ross Finlay, co-founder of the First Angel Network Association, knew by the excruciating pain that something was wrong. After all, on Aug. 23, he was heading south along Highway 311 from Tatamagouche to Truro. Driving within the speed limit around a turn, his Honda Gold Wing hit some gravel from a nearby driveway. I’ll leave it to Finlay, 63, to describe what happened next: “I was thrown over a six-foot culvert into a ditch filled in with rocks as our department of infrastructure tends to do,” he recalled over a lunchtime cranberry and soda the other day. Read More

November 2014

Technology for Doctors Online: Urgent Need of MD Guidance to Steer Investment in Healthcare

November 17, 2014

Angel investors are often the first to provide nurturing funds to fledgling companies struggling to get off the ground. Investment in healthcare start-ups is rising, but more participation by doctors who understand life sciences is needed to triage the best ideas that will have a real impact in improving healthcare. In this Q&A, Yuri Navarro (pictured), executive director of the National Angel Capital Organization (NACO Canada) headquartered at the MaRS Centre in Toronto, explains how angel investment works and why the healthcare sector urgently needs guidance by doctors to steer investment in this area. Read More

Financial Post: Women Angels Wanted

November 3, 2014

Angel investor Michelle Scarborough isn’t phased by being the only woman in the board room, but she’d like to see more women taking a seat at the table. Ms. Scarborough, a serial entrepreneur, co-chair of the National Angel Capital Organization (NACO) and partner in the Calgary venture capital firm Fronterra Ventures, has been making Angel investments since her late 20s. That makes her an anomaly — there are no statistics about Canadian Angels, but according to the U.S. Center for Venture Research, only about one in five U.S. Angel investors is a woman. Ms. Scarborough is trying to change that. She founded Calgary’s Women Angel Network and moderated a panel on women and Angel investing at the annual NACO summit in Quebec City earlier this month. Read More

October 2014

Winnipeg Free Press: Permission Click Wins Award

October 3, 2014

Winnipeg’s Permission Click won the Most Promising Startup of the Year at the annual National Angel Capital Organization summit this week in Quebec City. Chris Johnson, the CEO of the Winnipeg startup, beat out 14 other startups for the prestigious award sponsored by KPMG after two days of pitching and a final five-pitch competition. Johnson said it was a gruelling few days of work including having to hone down a 15-minute pitch to five minutes with only a couple of hours to pull it off. “This is the most significant thing to happen to Permission Click,” he said. Read more

Techvibes: Permission Click Named Most Promising Startup of the Year at NACO

October 3, 2014

Permission Click is the winner of the Most Promising Startup of the Year at the annual NACO Summit. The Winnipeg startup beat out 14 other startups for the award after two days of pitching and a final-five pitch competition. Permission Click is a digital permission slip and payment collection for schools. Schools can build, send and collect permission slips and fees from parents in seconds on any device, anywhere. Permission Click can deploy into a school in less than five minutes without the need for IT support from districts. Read more

Techvibes: Randall Howard Named Canadian Angel of the Year by NACO and BDC Capital

October 3, 2014

NACO, the National champion of Canada’s angel investing community, announced today, the winner of the Canadian Angel of the Year Award. The award, presented by BDC Capital during the annual NACO Summit, is each year given to “an experienced angel investor who has made a significant contribution to the development of the Canadian Angel ecosystem.” The winner of the Canadian Angel of the Year Award, Randall Howard, a senior serial technology executive, was selected among four nominees who were evaluated by an independent panel of judges. Read more

Betakit: Randall Howard Receives the “Canadian Angel of the Year” Award

October 3, 2014

NACO, the National champion of Canada’s angel investing community, and BDC announced the winner of the “Canadian Angel of the Year Award” was given to Randall Howard. This prestigious award is given to a Canadian who made a “significant contribution” to the development of the Canadian Angel ecosystem between June 1, 2012 and May 30, 2014. Randall Howard, is described as “a senior serial technology executive,” is a partner in Verdexus and CEO of Middlebrook Corp. Howard has invested and mentored over 20 early-stage companies, mainly in Waterloo. Read more

Start-Up Winnipeg: Manitoba’s Permission Click Wins Most Promising Startup of the Year, presented by KPMG Enterprise at the NACO Summit

October 3, 2014

The Winnipeg, MB startup beat out 14 other startups for the prestigious award after two days of pitching and a final five pitch competition. The judging panel was made up of Angels and early-stage VC’s. “NACO put together an incredible field of startups to compete for this award that we were honoured to be included in. Coming away with the title considering that field and the truly world-class judging panel is the kind of thing I suspect we’ll look back at years from now and say ‘that event was an acceleration point’.” Chris Johnson, CEO of Permission Click. Read more

CBC – The Exchange with Amanda Lang: Investors Back ‘Startup’ Immigration Visa

October 2, 2014

Yuri Navarro of the National Angel Capital Organization on a pilot program for a new visa to lure entrepreneurs to Canada. See video

Waterloo Region Record: Tech investor Randall Howard is Angel of the Year

October 2, 2014

Angel investor Randall Howard was honoured Thursday night with a national award for his work with a local group of investors who have pumped millions into technology startups in Waterloo Region. The National Angel Capital Organization presented Howard with the BDC Capital Canadian Angel of the Year Award in Montreal for his work with the Golden Triangle Angel Network. Read more

Techvibes: The 15 Companies Competing to Win Most Promising Startup of Year Award

October 2, 2014

NACO’s annual Pitch Competition celebrates dynamic early-stage companies that have demonstrated successful growth, and whose outstanding achievements have made them some of Canada’s most promising startups. 15 semi-finalists will vie today to be one of the five finalists to pitch on stage to over 200 Angel investors, venture capitalists and industry leaders. “We have an exciting group of startups pitching at this years competition,” says Yuri Navarro, Executive Director of the National Angel Capital Organization. Read more

Techvibes: 200 Canadian Angels Descend on Quebec City for Summit, Angel of Year to be Revealed

October 2, 2014

More than 200 Angels from across Canada gathered in Quebec City for the National Angel Summit this week. The National Angel Capital Organization is holding the largest gathering of Canadian Angel Investors. The three-day summit is focusing on a range of topics highlighting the theme of accelerating the Angel Asset Class. One of the goals of the Summit, organizers say, is to discuss the standardization of Angel Investing documents. Read more

Yahoo Finance Canada: Randall Howard named Canadian Angel of the Year

October 2, 2014

NACO’s Canadian Angel of the Year Award, presented by BDC Capital has been awarded to Randall Howard. Awarded at the NACO National Angel Summit, it’s presented to an investor who’s made a significant contribution to Canada’s Angel ecosystem. Read more

May 2014

Innovation Cluster Media Room: Angels Invest $89M Into Canadian Start-ups

May 28, 2014

According to a new report released this week by one of the Greater Peterborough Innovation Cluster’s Industry Partners, the National Angel Capital Organization (NACO), Angel groups invested $89 million in 2013, a 120% growth from the $40.5 million invested in 2012. NACO’s “2013 Report on Angel Investing Activity in Canada: Accelerating the Asset Class” is the fourth of its kind. This year’s report captures more data and provides deeper insights into the activity of the early stage risk capital market. In addition to analysis on the practices and investments of Canada’s leading Angel groups, it also contains information about Canada’s emerging business accelerators – an increasingly important part of the start-up ecosystem. Read more

Techvibes: A Map of Where Canada’s Angel Groups are Located and How Much They Invest

May 27, 2014

A report entitled “Angel Investing Activity in Canada: Accelerating the Asset Class” produced by the National Angel Capital Organization has mapped out Canada’s Angel investment groups, revealing where they’re located and how much each regions invests. Central Canada is the obvious hub, accounting for 68% of all investments and 78% of the dollar value of all investments made in 2013. Western Canada picks up the rest, while Eastern Canada’s presence is virtually non-existent. Read more

PE Hub: Angels Invest $89 Million in Canadian Innovative Companies in 2013

May 27, 2014

Canadian Angel groups invested a total of $89 million in early-stage companies last year. That is according to a new report published by the National Angel Capital Organization in partnership with the Canadian government, KPMG Enterprise and BDC Venture Capital. The 29 groups that participated in the study, representing more than 2,100 individual investors, were engaged in 199 deals in 2013. Angel funds were focused on information technology sectors, which took around $29 million invested, as well as life sciences and clean technology. The report also found that startups sponsored by Canadian accelerators last year captured more than $31 million from Angel investors, venture capitalists and government sources. Read more

Funding Portal Newsroom: Angel Funding More Than Doubles in 2013

May 27, 2014

Angel groups invested $89 million in 2013, a 120% growth from the $40.5 million invested in 2012, according to a new report released Monday by the National Angel Capital Organization (NACO).The report is based on a survey of 29 Angel groups representing 2,100 investors across the country. Together, these groups participated in a total of 199 investments in 2013. It is important to note, however, that these numbers include only reported Angel group investments; an important portion of Angel investing remains invisible in Canada. Read more

Techvibes: The Five Biggest and Most Active Angel Investing Groups in Canada

May 26, 2014

A report entitled “Angel Investing Activity in Canada: Accelerating the Asset Class” produced by the National Angel Capital Organization has revealed Canada’s most active Angel investing groups. Read more

Now Digital Network: Angel Groups in Canada Invested Over $89 Million in 2013

May 26, 2014

Angel investors in Canada collectively invested over $89 million in Canada in 2013, with groups in Central Canada investing the bulk ($70 million) of that money. Meanwhile, Canadian accelerator programs reported attracting more than $31.1 million in Angel money, venture capital (VC) and government funding. The new data comes from the National Angel Capital Organization’s (NACO) report entitled “2013 Report on Angel Investing Activity in Canada: Accelerating the Asset Class”. Read more

ITCanada Online: Canadian Angel Investors Put $89M into Startups in 2013, NACO Says

May 26, 2014

Canadian Angel investors have poured about $89 million into startups this year, more than twice what was recorded in 2012, according to a new survey from the National Angel Capital Organization (NACO). In an annual report detailing Angel investments made in 2013, NACO found 29 Angel groups had made 199 investments, while representing more than 2,100 investors. The sectors that received the most funding included information and communication technology (ICT), which garnered about $28.8 million, life sciences at $20.5 million, and clean technology, which netted $7.5 million. Read more

Techvibes: Angel Investing Groups Growing Presence Substantially in Canada, Report Reveals

May 26, 2014

In 2013, nearly 30 Angel groups made just under 200 investments totalling $89 million—more than double the amount invested by Angel groups in 2012. This is according to a report entitled Angel Investing Activity in Canada: Accelerating the Asset Class. Produced by the National Angel Capital Organization — with help from BDC Venture Capital, the government, and KPMG — the report delves deep into Canada’s Angel investing scene and reveals that there are more than 2,100 Angel investors across the country. Read more

Betakit: Angel Groups in Canada Invested Over $89 Million in 2013

May 26, 2014

Angel investors in Canada collectively invested over $89 million in Canada in 2013, with groups in Central Canada investing the bulk ($70 million) of that money. Meanwhile, Canadian accelerator programs reported attracting more than $31.1 million in Angel money, venture capital (VC) and government funding. The new data comes from the National Angel Capital Organization’s (NACO) report entitled “2013 Report on Angel Investing Activity in Canada: Accelerating the Asset Class”. Not all groups in Canada took part in the survey, which is important to remember: 29 of 33 Angel groups approached participated in the survey, while 12 of 18 accelerator programs approached participated. Nevertheless, the yearly survey can act as a barometer for how the nation’s investing economy is performing. Read more

Private Equity: Startups Banked $89M from Canadian Angel Investors in 2014

May 26, 2014

Following to the National Angel Capital Organization (NACO) new survey released, Canadian Angel investors have injected about $89 million into startups during 2014, more than twice what was recorded two year ago. Read more

HTX Media Room: NACO Canada Releases 2013 Report on Angel Investing Activity

May 26, 2014

The 2013 Report on Angel Investing Activity in Canada: Accelerating the Asset Class, the fourth of its kind, is released in partnership with the Government of Canada, KPMG Enterprise and BDC Venture Capital. Read more

Financial Post: Angel Investing Groups Across Canada Put More Money in Firms Under Their Wing Than in New Ventures

May 23, 2014

Investing activity among organized Angel groups in Canada fell roughly 15% in 2013 from the year before, while angels were spending a larger proportion of their available funds on follow-on investments, a Canada-wide survey by the National Angel Capital Organization found. “There are a number of Angel groups that are starting now to focus on trying to get those exits,” said Yuri Navarro, executive director of NACO, an independent non-profit association that supports Angel groups. “Because they do now have a nice big pool of investments that their members have put [money] into already.” Read more

February 2014

Startup Nations: Canada First to Launch Startup Visa Program

February 4, 2014

New foreign entrepreneurs are following the progress of Canada’s Start Up Visa Program as closely as Jose Barrios. The Mexican-born co-founder and CEO of Vancouver-based Cognilab, a virtual laboratory for psychology research, is among the first batch of applicants for the new program designed to accelerate permanent residency for foreign entrepreneurs. With his temporary resident permit set to expire soon, Mr. Barrios has the backing of one of the visa program’s sanctioned start-up investor groups and he is hoping Citizenship and Immigration Canada (CIC) will approve his application in the coming weeks. Read more

January 2014

Startup Grind Toronto: Michelle Scarborough (NACO, Smart Ventures) & Jennifer Evans (Squeeze CMM)

January 7, 2014

November 2013

Backbone: The Rise of Angels and Crowdsourcing

November 28, 2013

For start-ups, it’s always about the money. With the exception of serially successful entrepreneurs, early-stage companies only get so far bootstrapping or begging funds from family and friends. Enter two of the fastest-growing sectors of start-up funding in Canada: crowdsourcing and Angel investors. With some well-publicized success stories, government policy shifts and funding assistance from players like the National Research Council, the Business Development Bank of Canada and Angels, the money is flowing. Read more

Techvibes: BDC VC Renews Partnership with NACO to Strengthen Canada’s Angel Investing Ecosystem

November 22, 2013

Today BDC Venture Capital and the National Angel Capital Organization announced the renewal of their national partnership for the third consecutive year. The partnership focuses on strengthening Canada’s Angel investing community by identifying, standardizing, and sharing industry best practices across the country. Read more

PE HUB: BDC Renews NACO Partnership, Farm At Hand is Tops Among Angel Investors

November 22, 2013

BDC Venture Capital and the National Angel Capital Organization (NACO) have renewed their partnership for a third year, promising to further strengthen Canada’s community of Angel investors by identifying, standardizing, and sharing best practices. BDC’s Dominique Belanger noted that the initiative supports the continuing rise in the number of Angel investors, and their increasing role as drivers of Canadian innovation and competitiveness. Read more

Calgary Herald: Learn The Ins and Outs Of Angel Investing At The National Angel Summit Next Week

November 15, 2013

Join the National Angel Capital Organization for the largest gathering of Angel investors in Canada next Wednesday, Nov 20 to Friday, Nov 22. The National Angel Summit is a great opportunity to network with Angel Investors from both US and Canada, understand the Canadian Angel investing landscape and capitalize on emerging opportunities, as well as develop better investment decision-making skills through workshops run by industry experts. Read more

October 2013

Calgary Herald: Canada’s Largest Gathering Of Angel Investors Comes To Banff This November

October 4, 2013

Join the National Angel Capital Organization for the largest gathering of Angel investors in Canada on Wednesday, November 20th to Friday November 22 at The Rimrock Resort Hotel in Banff. Over the three days you will hear successful investors lend their perspectives about the emerging opportunities in different industries, learn how to make informed investment decisions, better understand the Canadian and Global Angel investing landscape, get updated on new trends such as crowdfunding, and more. Read more

September 2013

The Frank Peters Show: Michelle Scarborough, NACO Chair

September 25, 2013

She’s the managing partner of an early-stage fund, SMART Seed Ventures, which focuses on energy startups, of which there are many in Calgary. She’s also the Chair of NACO, the Canadian National Angel Capital Organization; meet Michelle Scarborough. Listen

First Angel Network: Angel Activity in Canada: Breaking Down the Startup Data

September 24, 2013

Like many other Angel groups across the country, First Angel Network is proud to be a member of the National Angel Capital Organization (NACO), a not-for-profit organization that seeks to promote and support Angel investing in Canada. Along with offering professional development opportunities, NACO hosts an annual Angel Summit in order to foster communication among Angel groups in Canada. This year’s Summit will be held in Banff from November 20-22. In addition, NACO is responsible for conducting research on the status of Angel investment. Read more

Techvibes: Angels Making More Investments but Investing Less per Startup, Survey Finds

September 13, 2013

Angel investment activity in Canada increased last year, according to a new survey by the National Angel Capital Organization. The survey, released on Wednesday, looked at investment activity in 2012 by 20 Angel groups—around two-thirds of identifiable Angel groups in Canada. Overall, those groups made 139 investments last year, a 96 per cent increase over the 71 reported investments in 2011. Of those deals, 102 were new. Read more

Ottawa Business Journal: Ottawa Angel Group Ranked Tops in Canada

September 12, 2013

A group of Angel investors in the Ottawa area is one of Canada’s top five Angel groups in 2012, according to a new report by the National Angel Capital Organization. The 2012 Report on Angel Investing Activity in Canada ranked the Capital Angel Network first when it comes to the number of investments made that year, placing it in a three-way tie with two other Angel groups. Read more

Francis Moran & Associates: Canadian Angel Investments Double in Quantity but Rise Only 13 Percent in Value

September 12, 2013

Angel investors, that group of high-net-worth individuals who are often the first source of external funding for new companies, were a great deal more active in Canada in 2012, making nearly twice as many investments as the year before. However, the total value of those investments rose by only 13 percent, suggesting that individual investments, while perhaps easier to secure, are getting smaller. Read more

Financial Post: W. Brett Wilson – Eight Ways to Make Angel Investing Better in Canada

September 8, 2013

The National Angel Capital Organization (NACO) serves Canada’s Angel investor community, with a mission to scale up its size and scope. To that end, it is set to release a report on the state of Angel investing in Canada. While I don’t know what this report will say, I can guess it will argue investing levels are not even close to where they need to be to allow Canada to advance its early stage entrepreneurial investment opportunities. Read more

Financial Post: Angel Investors No Longer Flying Solo As Angel Groups Take Off

September 8, 2013

Two years ago, Emir Aboulhosn was elated to see his startup Roam Mobility drawing in customers, but worried as the company’s expenses and bills stacked up. The Vancouver-based company, which sells lower-cost cellphone roaming service packages to Canadians travelling to the United States, had just a few hundred thousand dollars in seed money — far less than the $2-million minimum typically needed to launch a venture of this kind. Read more

August 2013

Greater Peterborough Innovation Cluster – Angel Activity in Canada: Helping Early-Stage Companies

August 15, 2013

The National Angel Capital Organization (NACO) recently released the latest version of their most prominent research initiative: the annual Report on Angel Activity in Canada. This report analyzes the trends of Angel investing in Canada and helps provide a picture of how the Canadian Angel investing landscape is evolving. (An Angel investor or Angel is an affluent individual who provides capital for a business start-up, usually in exchange for equity – an ownership stake. Read more

July 2013

AlleyWatch: Finding Angel Money Is Easier If You Know the Rules

July 1, 2013

Fundraising is brutal. Actually, according to Paul Graham, “Raising money is the second hardest part of starting a startup. The hardest part is making something people want.” More startups may fail for that reason, but a close second is the difficulty of raising money. A while back, I outlined “The 10 Best Sources of Cash to Start Your Business” for startups, listing Angel investors as alternative No. 6. I still get a lot of questions on these mysterious and often invisible investors, so here is another attempt to bring them out of the ether. Read more

June 2013 Should Female Founders Target Female Funders?

June 14, 2013

For many founders in Canada, particularly the under-represented female founders in our startup scene, it is really difficult to think beyond the question of finding money to the more important question of, “Who’s money will actually help my startup be more successful?” Yet engineering a successful funding strategy is critical. For Michelle Scarborough, Chair of Canada’s National Angel Capital Association, one of the biggest trends for navigating change for Angel success coming out of this year’s Angel Capital Association Summit was setting up the right combination of investors, a global syndicate, to give the startup a global network right way. Read more

April 2013

The Telegraph: ‘Dragons’ Den’ Process to Obtain Canadian Visas

April 10, 2013

Canada is offering permanent residency to foreign entrepreneurs who can secure the backing of investors through a Dragons’ Den-style process. The new start-up visa will allow expats to stay in the country for as long as they like – whether or not their business idea succeeds. Applicants will first need to secure a minimum investment of $200,000 (£128,000) from a venture capitalist fund, or $75,000 (£48,000) from an Angel investor group on a list of designated Canadian investors. Read more

Techvibes: Canadian Government Officially Makes Call to Foreign Startups for New Startup Visa Program

April 1, 2013

Canada’s federal government is officially making their call for the world’s best and brightest entrepreneurs, as applications for the new startup visa program will now be accepted. Citizenship, Immigration and Multiculturalism Minister Jason Kenney and the federal government issued a news release Thursday, proclaiming that Canada is open for business. Read more

The Globe and Mail: New Visa Program Aims to Lure Top Foreign Entrepreneurs

April 1, 2013

A new federal program kicks off Monday aimed at luring foreign entrepreneurs to set up shop in Canada, but investors warn the competition for funds will be stiff against homegrown startups. The Startup Visa Program is designed to fast-track permanent residency for immigrant entrepreneurs who are able to secure funding from designated Canadian investors, as well as meet certain language and education criteria. Read more

March 2013

Toronto Star: Canada’s New Visa Program to Attract Entrepreneurs Envied in U.S.

March 31, 2013

Canada is launching a new visa program April 1 that is making many politicians and lobbyists in the United States green with envy. Called the Start-Up Visa program, it encourages foreign entrepreneurs to come to Canada and work alongside investors and mentors to create new businesses, particularly in the high-tech field, create new jobs and spur economic growth.  Read more

January 2013

The Verge: As the US Inches its Way Toward a More Liberal Visa Policy, Other Countries Are Opening Their Doors

January 30, 2013

Francisco Sáez arrived in Silicon Valley last January. He had just dropped out of college and, like many 21-year-old app developers, the Chilean national was teeming with ambition — wide-eyed and ready to pursue his dreams of becoming an entrepreneur. Read more

Financial Post: Start-up Visa Program to Launch April 1 with Participation of CVCA and NACO

January 24, 2013

The federal government is filling in some of the details on its new class of visa aimed at recruiting immigrant entrepreneurs — and even poaching the best talent from south of the border — all with a view to making Canada a hub for the creation of innovative startups. The startup visa program, which the government announced last year, will officially launch April 1, Citizenship and Immigration Minister Jason Kenney said Thursday. Read more