Perspectives

The Class of 2008

The Class of 2008

Our objective for this report on the Class of 2008 was to analyze the ten-year trajectory of tech companies launched in 2008 in select jurisdictions around the world.   Our current findings build on several other studies we conducted in the past and provide further...

Social media in Canadian tech firms

Social media in Canadian tech firms

This report examines social media in Canadian tech firms. Several of our past studies took a closer look at Canada’s challenges in growing companies. The reluctance of Canadian tech businesses to spend on sales and marketing, especially when compared to US-based...

Measuring Canada’s Scaleup Potential

Measuring Canada’s Scaleup Potential

The purpose of this report on Measuring Canada's Scaleup Potential is to provide a data-driven approach to gauge Canada’s progress in developing a successful technology industry, one that is marked ideally by a high rate of startup creation, company growth, and...

Creating World Class Companies

Creating World Class Companies

Canada has difficulty creating world-class companies that are research intensive and there are a number of reasons for this. In past reports we have examined management and financing practices and how they contribute to our challenges at scaling companies. In this...

Narwhal List 2018

Narwhal List 2018

2017 was a remarkable year for Canadian Narwhals and we are pleased to release the Narwhal List 2018. We are continuing to build on our success at creating startups and now are beginning to show results at scaling our startups to world class. Three of the companies...

Commercialization of Physical Technologies

Commercialization of Physical Technologies

There are many challenges in the commercialization of physical technologies. and in creating world-class companies. But one of the greatest and most commonly cited challenges is Canada’s weakness in the commercialization of inventions. This Impact Brief examined how...

Phantasmagorical Forecasts

Phantasmagorical Forecasts

Many years ago, having seen all too many financial forecasts, I coined the term 'Phantasmagorical Forecasts'. Every year entrepreneurs across Canada set out to raise capital, capturing their vision and optimism for their ventures in the form of business plans and...

Canadian VC Deal Sizes

Canadian VC Deal Sizes

Canadian VC deal sizes continue to lag those in other countries. Canadian venture capitalists invested $3.2 billion in 530 deals for an average deal size of $4.9 Million US in 2016. Meanwhile, American VCs invested $69.1 billion in 8,136 deals for an average deal size...

Government Venture Capital

Government Venture Capital

We thought it was time to look at the success of government venture capital. The Business Development Bank of Canada’s venture capital arm (BDC) and MaRS Investment Accelerator Fund (IAF) were each established at a time when Canadian venture and seed capital were in...