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![white yacht near high-rise buildings](https://images.unsplash.com/photo-1566438503908-4f8377461f58?ixlib=rb-4.0.3&ixid=M3wxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHx8fA%3D%3D&auto=format&fit=crop&w=1000&q=80)
 Canada's startup scene is already impressive in terms of innovation potential, but it has even more potential to tap. Considering the active approach by its efficient public sector to develop startup ecosystems, and a relative abundance of natural resources, Canada is fully able to take an even more substantial role in producing massive global hubs. For this to happen, more Canadian startups with global impact are required, like those built in the neighboring United States. The climate for entrepreneurship in Canada is promising, with attractive incentives like the Startup Visa Program, the ​​Global Skills Strategy, and one of the most educated workforces in the world. 
==read-more==
 Two examples tell a powerful story of Canada’s opportunities and challenges. The first is Slack, originally a Vancouver based startup and now headquartered in the US where it undertook an IPO and was acquired by SalesForce. The second is Shopify, an ecommerce platform behemoth founded in Ottawa and built by a German immigrant founder. The lesson here is that Canada should ensure its high performing entrepreneurs remain in the country while also working to attract high quality foreign talent. The market-oriented economic system, high standard of living, native English language, and proximity to the US all make the country attractive. 

 

 In Ontario, the leading region of Canadian innovation, the public sector leads by example in developing robust startup ecosystems. [The Ontario Ministry of Economic Development, Job Creation, and Trade](https://www.ontario.ca/page/ministry-economic-development-job-creation-trade) has been pivotal in these efforts, setting a high standard for economic development activities. Within Ontario, municipalities such as the [City of Brampton](https://www.brampton.ca/EN/pages/Welcome.aspx), [Kingston Economic Development](https://www.investkingston.ca/), the [City of Mississauga,](https://www.mississauga.ca/) and the [City of Markham](https://www.markham.ca/) are actively focused on the development of their local ecosystems. Their initiatives have been instrumental in attracting investments and nurturing business growth, demonstrating the province's proactive approach to economic innovation. 

 

 Beyond Ontario, other Canadian cities and regions have also made notable strides. [Edmonton Unlimited](https://edmontonunlimited.com/) and [Calgary Economic Development](https://www.calgaryeconomicdevelopment.com/) in Alberta are standout examples. Moreover, Quebec's vibrant startup scene is supported by [Startup Montreal](https://startupmontreal.com/en/home/), an organization working toward making Montreal an attractive global startup destination. Other national initiatives, such as [Startup Ecosystem Canada](https://www.startupecosystem.ca/) and [Startup Canada](https://www.startupcan.ca/), are also working to connect ecosystem stakeholders in the country. These entities have been fundamental in promoting their regions, attracting global investment, and supporting startups through various stages of growth. 


 With resounding success stories like Shopify, Canada’s startup ecosystems are raising the bar and solidifying its position as an innovative hub in the global market.

Canada

Spaces - Ontario, Toronto - Spaces Bay Street is a coworking space of the Regus chain, located in Toronto, Canada

Spaces - Ontario, Toronto - Spaces Bay Street

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As the innovation hub of the Asia-Pacific region, Taiwan is renowned for its outstanding high-tech R&D capacity, highly-trained professionals, and thriving networks of entrepreneurs which enable our  startup ecosystem to achieve steady continuous growth.

Director General, Department of Academia-Industry Collaboration and Science Park Affairs

In the recent years, Moscow has become a gravity centre for the most talented people not only from Russia and Eastern Europe, but from all over the world. Such concentration of professionals affirms Moscow as one of the global “cities of the future”, world centre for the development of breakthrough technologies, particularly in IT.

The Moscow Agency of Innovations was established to create a truly favorable environment for the advancement of technology in Moscow.

2016

The Skolkovo Innovation Center and Skolkovo Foundation was signed into law with a goal to goal is to create a sustainable ecosystem of entrepreneurship and innovation.

2010

Avito, a classified ads website and now a unicorn, first went online.

2007

The Moscow Seed Fund, a VC which invests in see and pre-seed startups, was established.

2005

Yandex search engine was launched!!!!

1997

Apply Board becomes Ontario’s first established Unicorn.

2020

Collision conference first held at the Enercare Center in Toronto.

2019

Clearco - A lending platform for startups first goes online.

2015

Point click care founded (Will eventually become a unicorn valued at 4 billion in January 2022).

1995

Ontario

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