Addressing Canada's Commercialization Crisis and Shortage of Venture Capital: Will the Federal Government’s Solution Work?
September 26, 2013

As a valued CATAAlliance member and advisor, Stephen Hurwitz is a partner at the Boston-based law firm of Choate, Hall & Stewart LLP, specializing in Canada-US cross-border transactions involving venture capital and private equity and technology and life sciences companies. He has served as a speaker/panelist at many of the venture capital technology, and life sciences conferences in Canada and is author of numberous published articles on the Canadian venture capital ecosystem.

Mr. Hurwitz has published in the September edition of Technology Innovation Management Review an insightful article entitled "Addressing Canada's Commercialization Crisis and Shortage of Venture Capital: Will the Federal Government’s Solution Work"?

Executive Summary

Lack of funding is a major challenge to innovation in Canada’s emerging technology industry. This article will focus on this supply-side challenge within the  complex venture capital ecosystem and discuss:

i) the current shortage of venture capital available to commercialize Canada’s R&D;

ii) the causes and consequences of that venture capital shortage;

iii) how the federal government will address this shortage through its innovative 2013 Venture Capital Action Plan, which commits $400 million and seeks to raise at least another $800 million from outside investors; and

iv) how a separate decision in the federal 2013 budget to phase out federal tax credits for labour-sponsored venture capital funds could imperil the 2013 Venture Capital Action Plan.


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Read full article at this URL: https://docs.google.com/file/d/0B__wzrAC_E12ajZBUUNrOUdMMW8/edit?usp=sharing

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