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$4.4 billion in venture capital investments in 2020
6.4 million people fastest-growing region in North America
800,000 businesses a diverse mix of companies and ventures
180 languages spoken one of the world’s most multicultural cities
8 world-renowned universities a hotbed of academic institutions, organizations, incubators and research facilities and more
$11.3 billion in arts and culture contributions to the city’s GDP
Whether you’re just getting started or looking to grow your existing business, Toronto provides the ultimate environment for entrepreneurs and tech leaders: enviable quality of life, a deep talent pool and competitive business climate. Plus, there’s a wide range of resources available to put you on the path to success.
Setting up business here means being in the heart of arobust economy that is increasingly attractive to global brandssuch as Netflix, Uber and Microsoft as well as successful homegrown ventures like Wealthsimple, Swyft and Wattpad.
Small business owners can access a diverse cluster of business incubators and accelerators that offer a range of services and strategic partnerships to support sectors from technology and biotechnology to food manufacturing, fashion design and music. These organizations have helped some of North America’s leading startups grow by connecting them with capital, talent and professional development.
In just the last decade, the number of accelerators and incubators has exploded, with 17 arriving since 2015 alone. The 2021 report A City of Entrepreneurs: Building a City of Innovation, which surveyed 36 of these hubs, reveals a thriving community. Collectively, the surveyed hubs support more than 5,000 ventures in software and creative industries as well as in burgeoning fields like cleantech, green construction and advanced manufacturing. Here’s a snapshot of entrepreneurship support in the city, broken out by sector. Read the full report here.
Toronto is a city that values the entrepreneurial ethos. It’s the ideal place for startups to develop, prosper and grow.