Canada

Ottawa

#61-70

Emerging Ecosystem
Members: Invest Ottawa

Top 20

North America Ecosystem in Funding Runway

Top 25

North America Ecosystem in AI-Native Cluster

Top 30

North America Ecosystem in R&D Engine
Ottawa founders are a different breed – disciplined, globally ambitious, and relentlessly focused on building real companies. What sets this ecosystem apart is that they do it together, backing each other the way great founders should. And time and again, they build category-defining companies that the world didn’t see coming.
Sonya Shorey
Sonya Shorey
President and CEO, Invest Ottawa

Highlights

Ottawa has emerged as one of North America’s most distinctive startup ecosystems — not by accident, but by design. And the founders who’ve built here will tell you exactly why.

This is a city of builders, where entrepreneurs back each other from day one, sharing hard-earned lessons, opening doors, and pushing each other to think bigger. It’s a community defined by grit, discipline, and genuine ambition, where companies are built to lead globally. Ottawa is a “Bootstrap City” — an ecosystem where founders validate demand, secure customers, and build revenue before raising capital. The proof is what’s already been built: Shopify, Kinaxis, Assent, Ross Video, Fullscript, and Solace, and in the next generation of founders.

Tech talent is in Ottawa’s DNA. It’s an innovation epicenter with ~2,000 tech companies, ~100,000 tech workers, and the highest concentration of tech talent in North America for six consecutive years, ahead of Silicon Valley and 45+ other markets. Deep technical expertise combined with a capital-efficient mindset that prioritizes traction, customers, and revenue early makes Ottawa a rare place where great companies get built to last and scale.

Home to 168,000 students, including 28,000+ in STEM, Ottawa is Canada’s most educated city, in the world’s most educated country. With the nation’s largest tech park and an unrivalled quality of life, it offers a diverse, collaborative community helping founders access talent and markets with confidence.

As Canada’s capital, Ottawa offers founders something few ecosystems can: direct access to federal decision-makers, regulators, the global diplomatic corps, and procurement pathways. This is especially powerful in emerging sectors like DefenseTech, where a new generation of companies is scaling alongside global leaders across AI, drones, uncrewed systems, secure communications, and photonics.

Area X.O, an R&D complex for emerging technologies and a NATO DIANA test center, empowers founders to rapidly test, validate, and scale solutions in real-world environments with end users in Defense, Agritech, Public Safety, Cybersecurity, Smart Mobility, and Telecom.

Ottawa’s founders have already demonstrated what that looks like at global scale. The next generation is already building.

Ecosystem by the Numbers

ECOSYSTEM VALUE

A measure of economic impact, calculated as the value of exits and startup valuations from H2 2023–2025. Ecosystem Value includes all active unicorns.
(H2 2023 - 2025)
$2.5 BN
GLOBAL AVG. $25 BN
REGIONAL AVG. $57 BN

ECOSYSTEM VALUE GROWTH

Growth is calculated based on the Ecosystem Value from H2 2018–2020 vs. H2 2023–2025.
(H2 2018 - 2020 VS. H2 2023 - 2025)
20%
GLOBAL GROWTH 149%
REGIONAL GROWTH 195%

AI-Native Ecosystem Value

A measure of economic impact, calculated as the value of exits and startup valuations from H2 2023–2025 for AI-Native. Ecosystem Value includes all active unicorns.
(H2 2023 - 2025)
$246 M
GLOBAL AVG. $4.4 BN
REGIONAL AVG. $12 BN

AI-Native Ecosystem Value Growth

Growth is calculated based on the AI-Native Ecosystem Value from H2 2021–2023 vs. H2 2023–2025.
(H2 2021 - 23 VS. H2 2023 - 25)
1061%
GLOBAL GROWTH 161%
REGIONAL GROWTH 222%

EARLY-STAGE FUNDING GROWTH

Early-Stage Funding Growth is based on number of Seed and Series A rounds raised between 2022-2023 vs. 2024-2025 and calculated on a scale of 1 (lowest) to 10 (highest).
(2022-23 vs. 2024-25)
5
Scale of 1 (lowest) to 10 (highest)

AI-Native Early Stage Funding Growth

AI-Native Early-Stage Funding (ESF) Count Growth Tier evaluates the growth in the number of Early-Stage Funding rounds between 2022–23 and 2024–25. Ecosystems are scored on a scale from 1 to 10, where 1 represents the lowest growth and 10 represents the highest.
(2022-23 vs. 2024-25)
8
Scale of 1 (lowest) to 10 (highest)

TOTAL VC FUNDING

The Total VC funding (Seed, Series A, Series B+) in tech startups in 2021–2025.
(2021 - 2025)
$2 BN
GLOBAL AVG. $5 BN
REGIONAL AVG. $10 BN

TOTAL EARLY–STAGE FUNDING

The total Seed and Series A funding in tech startups in H2 2023–2025.
(H2 2023 - 2025)
$227 M
GLOBAL AVG. $554 M
REGIONAL AVG. $1 BN

EXIT AMOUNT

The total value of exits from the ecosystem.
(2021 - 2025)
$1.5 BN
GLOBAL AVG. $7.6 BN
REGIONAL AVG. $13.4 BN

EXIT COUNT (#)

The number of exits from the ecosystem.
(2021 - 2025)
87
22
2021
24
2022
15
2023
10
2024
16
2025
GLOBAL AVG. 103
REGIONAL AVG. 155

TIME TO EXIT

The average age at the time of exit in the ecosystem in 2021–2025.
(2021 - 2025)
12.5 YEARS
GLOBAL AVG. 11.1 years
REGIONAL AVG. 11.9 YEARS

NUMBER OF UNICORNS 

The number of startups that meet our definition and have been valued at more than $1 billion and have not exited.
(ACTIVE UNICORNS)
NA
GLOBAL AVG. 11
REGIONAL AVG. 18

MEDIAN SEED ROUND

The median of seed rounds in tech startups in the ecosystem in H2 2023–2025.
(H2 2023 - 2025)
$1 M
GLOBAL AVG. $1 M
REGIONAL AVG. $1.1 M

Median Series A Round

The median of Series A rounds in tech startups in the ecosystem in H2 2023–2025.
(H2 2023 – 2025)
$7.3 M
GLOBAL AVG. $6.2 M
REGIONAL AVG. $7.6 M

Top Funded Startups

Top startups identified based on funding amount from July 2023 to December 2025.
(H2 2023-2025)
1: MindBridge
2: Solink
3: Nuvo
4: OneBalance
5: Dominion

SOFT. ENGINEER SALARY

Average software engineer salary informed by data from Glassdoor, Salary.com, and PayScale, as well as local sources when available.
(2025)
$67 K
GLOBAL AVG. $54 K
REGIONAL AVG. $101 K

Sub-Sector Strengths

Healthtech
Healthtech

Healthtech is Ottawa’s largest early-stage sector by founder count, with over 130 companies spanning Life Sciences, Digital Health, and Medical Devices. Anchored by the University of Ottawa’s Faculty of Medicine and a network of research hospitals — five ranked among Canada’s top 40 — companies like Fullscript (serving over 125,000 practitioners) and Spiderwort Biotechnologies reflect a strong pipeline translating research into real-world impact.

Software & Applied AI
Software & Applied AI

Ottawa’s software sector is built for scale and rapidly evolving toward AI-Native solutions. MindBridge uses AI to detect financial anomalies for global firms including Deloitte and KPMG; Assent enables manufacturers to manage supply chain risk and has raised over $533 million to date; Solink integrates video and data analytics for enterprise operations; and Rewind delivers backup and recovery for critical SaaS applications, serving over 25,000 customers worldwide.

DefenseTech & Smart Mobility
DefenseTech & Smart Mobility

Ottawa is home to 330+ Defense, Security, and Cybersecurity companies, creating a strong foundation for emerging DefenseTech startups. Companies like Dominion Dynamics (which raised $18.7 million since late 2025), H2 Analytics, ANVIL, TACTIQL, and Quantropi highlight this momentum, supported by assets like Area X.O and Canada’s Defence Innovation Hub, where startups validate dual-use technologies alongside government and end users.

Selected Startup Organizations

Startup Genome Members

MEMBER

Invest Ottawa is the lead economic development agency for Canada’s capital, supporting early-stage entrepreneurs, scaling startups, and global companies. Through startup programming, advisory services, and access to capital and markets, it helps founders build and scale companies for global success. Invest Ottawa connects founders with the programs, advisors, capital, and networks they need to validate, commercialize, and reach global markets faster.

Work with us

If you are interested in working with us to drive global attention to your ecosystem, please get in touch with Marina Krizman, Director of Business Development.

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