Innovation Discussion with Jeff Weedman P&G
August 10, 2010 Leave a comment
An intersting article from the Canadian Business Journal.
This year, $276 million was invested across the entire country of Canada in the first quarter, and in 2009 the number was $279 million invested. This is 50 per cent lower than 2008 numbers. Both periods represent the lowest level of first-quarter deal flow since 1996 and the bad news is the trend is still heading south. Pun intended.
With VC activity this low it is very difficult for companies to get the kinds of investment and guidance they need to foster growth. As we have mentioned in many of our previous Clean 15 Series articles, the Canadian government has tried to soften the blow through great support systems like the SDTC and OCETA. However, companies will still need to find alternative means to get the guidance and support needed for market entry and more importantly, market volume.