BCF Ventures’ Sergio Escobar and Bonnie Chau tell GCV what makes the Canadian innovation ecosystem unique and why it is getting brain gain from other parts of the world.

Canada is entering a golden age of innovation with an influx of new money and a reputation for AI expertise. As Silicon Valley becomes outrageously overpriced, tech giants and startups are flocking to Canada as an affordable alternative. In fact, over the last five years, Canada added more tech jobs than Silicon Valley.

“The Canadian tech ecosystem has soared to new highs with funding rounds reaching new records. The Canadian Venture Capital Association reported over $4.5bn across 196 deals in the first quarter of 2022,” Bonnie Chau, portfolio manager of BCF Ventures, the corporate venturing arm of law firm BCF, told Global Corporate Venturing.

Bonnie Chau, portfolio manager, BCF Ventures

More money is coming into the system following the government’s announcement last week of a new $450m fund of funds called VCCI (Venture Capital Catalyst Initiative), expected to seed…

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