Wednesday, February 15, 2012

The ITC venture capital sector in Canada for 2011

The ITC sector (information technologies and communications industries) attracted most of the funds in venture capital in Canada for 2011. In total 1.51 billions of dollars were invested in 2011 versus 1.13 billions in 2010 (34% increase). The best performance was in 2007 ($2.1MM). VC firms have partnered with 444 companies vs 357 in 2010. The average size of investments was $3.4M vs $3.17M in 2010.

Investments in the ITC sector was $692M in 2011 vs $491M in 2010 (41% increase). 162 ITC firms got VC funding mainly in the Internet ($236M) and software ($201M) sector.

The Canadian VC Assocation (CVCA) attributes the increase in funding by the growth of entrepreneurship in Canada, the role of tech incubators and accelerators and good incentives for research and developement.

Source: http://www.directioninformatique.com/DI/client/fr/DirectionInformatique/Nouvelles.asp?id=66104&cid=79

Louis Rhéaume
Infocom Intelligence
louis@infocomintelligence.com
Twitter: @InfocomAnalysis

No comments: