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.
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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.
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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.
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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.​