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Depend on your startup's industry and where you customers are going to be. BC may be a good place for media and entertainment startup as there are lot of such c
by akg_67 12y ago
Depend on your startup's industry and where you customers are going to be. BC may be a good place for media and entertainment startup as there are lot of such companies, small and large, in BC.
Overall, I don't believe Canada offers anything positive w.r.t. to startup and business. The local market is too small and your primary market and customers most likely will be in USA. Though salaries are lower in Canada, the regulatory and taxation cost is very high specially if you are going to have employees and office.
Most Canadian companies, based on my experience in Eastern Canada, form a US subsidiary with mailing address typically in New Hampshire. Most of the investors in early stage companies are "old" money so the threshold to raise any angel/seed money will be much higher specially for businesses investors may not understand and there is too much focus on financials rather than opportunity. There is scarcity of tech-success founders supporting the local startup scenes, I saw more of them in Bay area instead of Toronto/Ottawa.
I don't know how things have changed in last 10 years in Canada, may be a tech bubble is bubbling there too right now. But when I last tried to start a company in Toronto, 12 years ago, I didn't have any positive experience, in the end I landed up moving to US permanently.