Tech & Gadgets

To build Canada's innovation economy, we need to deploy the wealth we already have

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Canada is hosting an investment summit aiming to attract foreign capital for economic growth, but a significant issue exists: Canadian talent and companies are increasingly contributing to the US economy. A substantial pool of wealth currently sits in non-productive assets within Canada rather than being invested in domestic startups, resulting in a $195 million pre-seed funding shortfall annually. To retain homegrown innovation and foster a robust tech sector, incentives are needed to encourage Canadian high-net-worth individuals to invest locally.

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