Cash-hungry entrepreneurs get help from Deloitte

Last week the Globe and Mail’s Virginia Galt wrote about an upcoming “mini venture fair” organized by Deloitte in Toronto in an article titled Cash Hungry Entrepreneurs go a-courtin.

Two weeks from now in Deloitte’s downtown Toronto office towers, 14 Canadian technology entrepreneurs will go on a dream date of sorts, hoping to hook up with eight Boston-based venture capitalists flying in for the day to scope out the talent.

The Bostonians have money to spend and “a propensity to invest in Canada” – welcome news to emerging Canadian tech companies frustrated by the prolonged slump in domestic venture capital activity, said charted accountant John Ruffolo, national leader of Deloitte’s technology practice and an organizer of the invitation-only event.

In preparation for their upcoming April 14th event Ruffolo sent an email blast to more than 300 Canadian companies that were on the firm’s radar as a result of its annual Fast 50 awards program. 45 companies asked to be included, Deloitte whittled the list down to 14 based on what they think are the top companies that VCs should be looking at.

Look for Ruffolo and Deloitte to continue matching US Venture Capital with Canada tech companies – they’ve got a road trip to Silicon Valley planned for later this year that will take a delegation of Canadian tech firms to meet California’s top venture capitalists.

Be sure to join the Fast 50 Community to learn about future financing opportunities via Deloitte.