Untapped Asset 2:
Underfunded
High Potential Canadian Deeptech and Healthcare
Startups
Findings:
Through conversations with Canadian startups, research institutions, and global VC firms, we have identified a common theme—Canada is a leading hub for R&D, yet it has one of the highest R&D-to-capital injection ratios globally.
Traditionally, Canadian researchers have been criticized for their cautious approach to commercializing innovations. However, we are witnessing a shift, driven by Canada’s current economic challenges and growing interest from global VCs. Investors are increasingly drawn to Canada’s innovation landscape, recognizing that pioneers in blockchain, VR/AR, and AI have emerged from the country’s top research institutions. Moreover, Canada offers a cost-effective alternative to the U.S., enabling companies to operate more efficiently while securing non-dilutive funding—making it an attractive destination for technology and venture investment.
Investment Criteria:
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Round: Pre-Seed, Seed
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Valuation Range: 5M - 30M, if priced
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Can lead in Pre-Seed, Follow-on in Seed
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Equity, SAFE, Convertible
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Sector: Healthcare, AI (domestic), Semiconductor, Cleantech, Entertainment.
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Checksize: 50K - 500K CAD
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We prefer a reseacher coming out from top Canadian research lab or operator who had many years of industrial practices in his/her domain.
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We prefer a young and veteran team composition (just like us!)
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Typical decision timeline: if we pass the screening process, it will take 1-2 months for us to pass IC.
Detailed study on markets we are interested in will be posted in blog and insights section to those who are interested in futher exploration into this assets class.