Canada needs better ways to transform early stage companies into future global champions

While excellent at starting really smart new companies, Israel, like Canada, has much less success in turning these into locally owned multinationals with the potential to create thousands of domestic jobs.

Canadian taxpayers invest billions of dollars to train tech talent, fund university-based scientific research and provide grants and tax incentives for early stage tech companies. But if much of this effort ends up simply expanding jobs, intellectual property and, consequently, tax revenues in other countries, what’s the benefit for Canada, writes David Crane. Image courtesy of Pexels.com

Opinion

BY DAVID CRANE

September 14, 2020

TORONTO—Writing in the Global Innovation Index 2020 report, Yaron Daniely of Israel’s aMoon Venture Fund, worries that his country—highlighted in the best-selling book, Start-Up Nation—may be suffering from the same problem that I see in Canada. While excellent at starting really s...

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