{"id":13369,"date":"2009-11-10T05:11:00","date_gmt":"2009-11-11T01:11:00","guid":{"rendered":"http:\/\/localhost\/?p=13369"},"modified":"2009-11-10T05:11:36","modified_gmt":"2009-11-11T01:11:36","slug":"venture-capital-investment-level-is-lowest-in-14-years","status":"publish","type":"magazine","link":"https:\/\/brainstation.io\/magazine\/venture-capital-investment-level-is-lowest-in-14-years","title":{"rendered":"Venture Capital Investment level is lowest in 14 years"},"content":{"rendered":"

Canada’s Venture Capital & Private Equity Association<\/a> (CVCA) released a report<\/a> today along with research partner Thomson Reuters that states activity in Canada’s VC market continued to fall in the third quarter of 2009.<\/p>\n

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Deal activity in Canada’s venture capital market continued to lag in the third quarter of 2009, as a total of $191 million was invested nationwide, down 51% from $388 million invested during the same period in 2008.  The trend was felt in most regions, though Ontario-based disbursements experienced an especially steep year-over-year drop of 87%.<\/p>\n

Domestic VC activity in Q3 2009 was the weakest recorded in 14 years.  Furthermore, dollars invested at the end of the first nine months of the year, totaling $682 million, was 36% shy of the $1.1 billion invested at the same time in 2008.  This suggests that final 2009 outcomes might well slip below the $1.0 billion-dollar mark for the first time since 1995.<\/p>\n

“Canada’s venture capital industry is facing severe challenges,” said Gregory Smith, President of the CVCA. “we must work to improve the ecosystem and funding levels for entrepreneurs and small businesses.”<\/p>\n<\/blockquote>\n

In the report, the CVCA once again calls for the development of a comprehensive innovation strategy for Canada and the provincial governments to address the growing technology deficit.  Here’s what they what the government(s) to do:<\/p>\n