According to the latest Global Start-up Ecosystem Index Report, Canada is considered a great country for entrepreneurs to set up a new business, thanks to strong start-up ecosystem hubs in major Canadian cities.
The report states that ‘considering the active approach by an efficient public sector to develop start-up ecosystems, and a relative abundance of resources, there is no reason Canadian start-up ecosystems should not take an even more substantial role in producing massive global hubs.’
In 2021, Canada is ranked in the top five countries in the world for its start-up ecosystems.
Since many foreign investors still looking to create start-ups through the country’s Start-Up Visa program, there will be more Canadian start-ups with global impact.
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