BC suffered biggest year-over-year venture funding drop among all Canadian ecosystems in 2022
Investment in the province’s tech startups fell by 67 percent in 2022.
Investment in the province’s tech startups fell by 67 percent in 2022.
Alberta and Québec investment increased by 89 percent and 21 percent, respectively.
Venture funding in Waterloo Region dipped from 2021 peak, but still surpassed pre-bull market years.
Toronto tech startups raised a collective $3.7 billion through 154 deals in 2022.
CVCA CEO: “Considering the macroeconomic conditions, the finish in 2022 was surprising.”
Newfoundland’s Kraken Robotics tops technology category.
But overall investment was still bigger than 2020.
First Nations Technology Council encourages orgs to address workplace barriers, including access to capital.
Data engineers still in demand despite downturn-induced layoffs.
Canada is the only country with three programs named to the top ten list.
Thomson Reuters, Levio, only Canadian tech firms on the list.
DEI survey also indicates VC firms, portfolio companies lack diversity at decision-making level.
2022 only saw about a third of the VC funding that was disbursed in 2021.
Second annual list identifies firms like Terramera, Ekona Power, Summit Nanotech.
The University of Waterloo keeps top spot for Canadian schools.