Canada

Atlantic Canada

Activation Phase

Exits by Atlantic Canada startups have generated over $2 billion since 2012. These exciting entrepreneurs have been investing back into the ecosystem through new startups, incubators, accelerators, and investment funds.

Malcolm Fraser
President and CEO of Innovacorp

Sub-sector Strengths

Life Sciences

Atlantic Canada offers a robust Life Sciences ecosystem, from Halifax’s Life Sciences Research Institute, an integrated facility for scientists, students, and entrepreneurs, to Charlottetown’s $30 million BioCommons. According to Financial Times’ fDi Benchmark, Halifax is the third most cost-effective location for operating a Life Sciences research center in Canada and the USA. It’s produced such landmark deals as Ocean Nutrition Canada’s $540 million exit and ABK Bioscience’s US$30 million Series B round in 2019.

Marine Tech

Atlantic Canada is home to Canada’s Ocean Supercluster, which will feature more than $300 million in R&D spending from the private and public sectors. The region includes the Centre for Ocean Ventures and Entrepreneurship, a collaborative space for ocean-related innovation, and the Ocean Frontier Institute, which leverages Dalhousie University’s ocean research activities.

Why you should invest in Atlantic Canada

SOFTWARE STARTUP OUTPUT
<100
GLOBAL AVG.
1,010
ECOSYSTEM VALUE
$250 m
GLOBAL AVG.
$5 bn
Top 15 Global Ecosystem
Bang for Buck
5
Exit Growth
INDEX
5
Output Growth
INDEX
10
Funding Growth
INDEX

Reasons to move your startup to Atlantic Canada

EARLY-STAGE FUNDING PER STARTUP
$383 k
GLOBAL AVG.
$284 k
TOTAL EARLY-STAGE FUNDING
<$50 m
GLOBAL AVG.
$837 m
SOFTWARE ENGINEER SALARY
$55.7 k
GLOBAL AVG.
$58.3 k

Innovation Tax Credits:

Investors can apply for innovation equity tax credit for investments of upto $250,000, and may receive tax incentive of 45 percent for investment in oceans technology and life sciences.

Immigration Policy

Atlantic Canada is known for welcoming newcomers with its supportive immigration policies, such as Atlantic Immigration Pilot, which help attract foreign talent.

Startup Community

Startup Genome
Partners & Members

Featured Articles from
Local Ambassadors

Apply to be an ambassador
We still don't have any ambassador in Atlantic Canada. Contact Us to apply to be our first ambassador.

Get connected

Are you interested in diving deeper into this ecosystem? Drop us a message. Our Ambassadors and Partners can plug you in.