Venturing into Ottawa a strong bet

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  • July 10, 2016

The 2012-13 return of the venture capitalist to the Ottawa tech scene says everything investors need to know about the capital market’s growth trajectory. The sector’s business model requires seeking out startups with 25% growth potential over just 5 years, and taking 50% ownership in order to control that outcome – so their involvement means confidence. Those looking for a high profile success need only to look at Shopify Inc.’s successful stock market debut for proof that Ottawa’s technology revival is real. There are now over twice as many start-ups in Ottawa than Waterloo, a success that some Canadian cities see as icing on the cake for the Capital Region where the economic base is structurally solid. The nation’s capital is shielded from the ups and downs of economic fluxuations due to the high number of gold-plated and secure government and related institutional positions. The National Gallery, Canadian War Museum and others around the Hill are major tourism attractions. In addition, 140,000 students attend higher education at the University of Ottawa, Carleton University, Algonquin College, La Cite collegiale, Saint Paul University and Dominican University College, all of which provide both jobs and places for innovation to grow in Ottawa.