Canada-based corporates and governments need to match their US counterparts and be less 'Canadian' in order to grow the country's venture capital sector.
US-based corporates are playing an increasing role in the Canadian venture capital sector, but their Canada-based counterparts have some ground to make up, Mike Woollatt, CEO of Canada’s Venture Capital & Private Equity Association, told Global Corporate Venturing.
“US corporate activity in Canada, whether it is Cisco, GE, Google, you name it, is playing an increasing role,” Woolatt said. “They are recognising that Canada has a ton of amazing startups coming out, [along with] innovation and groundbreaking technology.
“They are…
