Canadian Superangel: Here's How We Can Improve Our Country's Startup Ecosystem

Canada has a solid startup ecosystem, but we're not where we could be.

Canadian superangel Boris Wertz discussed this topic with Quentin Casey in an interview with the Financial Post.

The award-winning startup investor described the state of Canada's tech sector as one that has "made some strides" but still lacks a healthy number of great companies and great entrepreneurs.

When asked how to change that, Wertz cited two ways.

"First, we have to get more entrepreneurs into the country," he said. "We’re definitely not attracting enough really great entrepreneurs to our big ecosystems, such as Montreal, Vancouver and Toronto." However, Wertz did acknowledge that programs like Startup Visa Canada are paving the way.

"Secondly, we need to celebrate entrepreneurship," he continued. "We need more role models for people to aspire to, so instead of wanting to become a soccer or hockey player, they aspire to become an entrepreneur."

Wertz is the founder of Version One Ventures, a $20 million fund targeting early-stage startups—something the investor feels is sorely lacking in Canada.

"If there’s one area where Canada is really weak, it’s on the early-stage funding side," he told the Financial Post. "If a company does really well, there’s no challenge in attracting U.S. capital. But in the early stages you need angels and investors who are close to home. We definitely don’t have a lot of those guys.'

Version One Ventures
Vancouver, British Columbia, Canada

Above everything else we invest in entrepreneurs, not businesses. We love passionate entrepreneurs with deep domain knowledge. Entrepreneurs with great product and design instincts. Entrepreneurs who want to change the world but know that in order to do so, they need help. And yes, we love to help, when and where ever we can. Besides the founder team we look for a few more things when... more

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Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more

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