Partners for Prosperity and Innovation – Part 4November 2020

For Canadian organizations, the reality of the business lifecycle and the inability to generate a significant number of high-value exits means that patient, long-term capital (i.e., public funding) will continue to be necessary to support the business incubation and acceleration system. [...] The bottom line is that only a small number of BAIs have fashioned a path to fiscal self-reliance, and the executive interviews do not engender confidence in the ability of a large number of BAIs to follow in their footsteps. [...] Doing so will enhance the ability to identify and implement improvements in programming, to share best practices across institutions and jurisdictions, to generate better outcomes systematically and to market Canada as a dynamic place in which to start and grow a business. [...] Looking to the future, these new approaches can help ensure that BAIs across the country contribute to the development of high- potential firms, stimulate the creation of innovative technologies, and provide the ability for start-ups to succeed and contribute to long-term, sustainable economic growth in Canada. [...] 2020 29 r e a d o n PARTNERS FOR INNOVATION AND PROSPERITY : TOWARDS F ISCAL SUSTAINABILL ITY IN CANADA 'S STARTUP ECOSYSTEM With the Partners for Prosperity and PART 1 provides a taxonomy of BAI Innovation revenue models and the f indings from a project , the DEEP Centre led national survey of business accelerators the f irst nation-wide effort to assess the and incubators across Canada.