Don Tapscott from thestar said that So far, the pandemic has had devastating effects on Canada’s technology entrepreneurs.
Spending on technology has declined. Venture capital was never strong in Canada and is now more cautious than ever.
Small companies have received good support from the government through the Canada Emergency Wage Subsidy, the Canada Emergency Business Account and the newly improved Canada Emergency Rent Subsidy, and countless companies have been saved. Nonetheless, every Canadian city has empty offices where technology entrepreneurs are on the hook for rent.
As the pandemic wanes, companies that have survived have an opportunity to storm back, but raising money will still be a challenge. It’s time to adopt a popular financing incentive used in the resources sector known as a flow-through share. By applying this tool to the technology sector, Canada could generate close to $1 billion in new technology R&D.
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2020 Atkinson Series: Building Smart Smart Cities. Read more of the … Rotterdam is using smart city tech to solve pressing urban problems. Here’s what Canadian cities can learn from the Dutch model.
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