Why Canada is the latest hot spot for startups

Why Canada is The Latest Hot Spot for Startups


Why Canada is the latest hot spot for start-ups

Starting any new business can be a risky venture: it’s hard to find the monetary support as well as the talent to get what can be a tenuous venture off and running. That’s why lots of startups end up in the same regions or countries: they’ll often find encouragement and financial resources in the same areas with other like-minded people or businesses.

Many people often associate this idea of startup regions with well-known places—Silicon Valley comes to mind. But Canada, it turns out, is becoming a force to be reckoned with when it comes to startup support and nurturing. Part of that is the country itself. Canada has very low business costs when compared to other countries worldwide. It’s competitive and growing, too, making it attractive for everything from hardware to software companies. The Canadian government continues to lend its support to the startup community, as does the banking and tax structure. In addition, there are community resources that startups are able to rely on to get through the ups and downs of a new business.

Use this helpful graphic to learn more about the growth of startups in Canada. Brought to you by Salesforce.

Ideas on the Wall

The Benefits of Having Your Idea Public on Ideator

Are you hesitant to share business ideas with others? Do you worry that someone else might take your good idea and run with it? You’re not alone.

When one of our favorite bloggers and entrepreneurs, Derek Sivers, first started out, he kept all of his programming code tightly locked away in an SSH-only server on an encrypted partition. And who could blame him? The code represented his life’s work, so why take a risk on someone else getting their hands on it?


Where Are They Now: Penguin App

In 2015, one of the first ideas Ideator showcased on our blog was the Penguin App, a social networking app that allows people to connect based on their mutual interests rather than just physical appearance. At the time, the app was still in the developmental stage, but we are proud to announce that Ideators Sidao Li, Phillip Duong and Andres Santana have come a long way since then – including submitting their product for acceptance to the Apple App Store.



Crowdfunding the Safe Way

Over the last few years, crowdfunding has generated a lot of buzz as an alternative fundraising method for startup companies. However, there’s a lot more to it than just creating a crowdfunding page and hoping people flock to your idea. In fact, crowdfunding is a complex endeavor that takes a lot of upfront planning and ongoing effort. It also requires a good understanding of the legal requirements to protect your business idea and your financial assets.


Subscribe to Receive Impactful Innovation Resources and Info
Follow us