As good as a week can get for Canadian tech startups

by Rob Lewis | Business

Last week was a pretty phenomenal one for Venture Capital and the Canadian tech startup community.

To start, on March 2nd Toronto's Mantella Venture Partners launched a $20 Million early stage technology fund lead by Robin Axon and Duncan Hill, both previously with Ventures West.

Then on March 3rd the Quebec Government committed $50 Million to three technology company seed funds including Montreal Startup's FounderFuel Ventures for investments in the information and communications technologies industry.

Finally on March 4th, Canada's Budget 2010 announced that non-residents will no longer need to pay withholding tax on the sale of shares in a Canadian corporation. This change to Section 116 of the Income Taxt Act is particularly beneficial to the high tech sector which has lobbied for years to obtain relief.

It makes you wonder what we could be in store for this coming week?

Montreal Start Up
Montréal, Québec, Canada

We invest in entrepreneurial teams with big visions and global aspirations looking to establish companies in Montreal. We provide seed level financing, as well as strategic and operational input, in order to help them turn their ideas into successful companies. We are looking to invest in software-based businesses in the Internet, wireless and media spaces. Our team has a deep understanding of,... more

Mantella Venture Partners
Toronto, Ontario, Canada

Mantella Venture Partners is a $20M early stage fund with a hands-on approach to building technology companies in high growth markets. MVP invests in domain expert founders and surrounds them with an ecosystem of passionate, experienced operators that drive early market engagement into sustainable business success. more

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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more

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