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Subsidizing Private Sector Risk Makes Canada Less Competitive

Almost all innovation policy and spending by the Ontario and Federal Governments are focused on subsiding private sector risk. These kinds of government programs create artificial gatekeepers, arbiters empowered to make capital allocation decisions despite never having "been there and done that" -- or often being less qualified to evaluate a new billion-dollar-plus opportunity than the startup founders they are judging.
ChristianChan via Getty Images

Subsidizing Private Sector Risk Makes Canada Less Competitive

Almost all innovation policy and spending by the Ontario and Federal Governments are focused on subsiding private sector risk. These kinds of government programs create artificial gatekeepers, arbiters empowered to make capital allocation decisions despite never having "been there and done that" -- or often being less qualified to evaluate a new billion-dollar-plus opportunity than the startup founders they are judging.
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How to Think Like an 'Innovator'

Within our team we spend a lot of time talking about the concept of the 'willing innovator'. At a time where practically every industry needs software, it helps us think about the people we want to partner with -- those who align with our culture and view of the world. To us, this isn't necessarily about having been innovative in the past.