Startups, investment feature in Liberal leadership race

Financing, entrepreneurship and other startup issues are part of the platforms of several of the candidates seeking the leadership of the Liberal Party of Canada.

For example, in a speech to the Economic Club of Canada in December, Marc Garneau proposed introducing an angel investor tax credit to help entrepreneurs bring their ideas to market, as well as the elimination of all capital gains taxes on investments in Canadian startups.

“A government official should not be making the decision where to invest, it’s the experts – you – the innovators themselves that know best,” said Garneau, a former astronaut and head of the Canadian Space Agency.

Another candidate, constitutional lawyer and author Deborah Coyne, wants the federal government to to facilitate increased access for Canadian entrepreneurs to early-stage financing, to help good ideas and technology get off the drawing board and into the market.

“A blue ribbon panel must examine all the existing programs addressing the links between research and commercialization, and propose a more robust and coherent role for the federal government in facilitating access to financing, particularly at the seed stage,” said Coyne.

Finally, lawyer George Takach has promised investment in high-tech infrastructure, unspecified new initiatives to encourage entrepreneurship, and a new digital economy strategy.

Nine candidates are seeking the leadership of the Liberal Party of Canada.

Would you recommend this article?

Share

Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.


Jim Love, Chief Content Officer, IT World Canada

Featured Download

Featured Story

How the CTO can Maintain Cloud Momentum Across the Enterprise

Embracing cloud is easy for some individuals. But embedding widespread cloud adoption at the enterprise level is...

Related Tech News

Get ITBusiness Delivered

Our experienced team of journalists brings you engaging content targeted to IT professionals and line-of-business executives delivered directly to your inbox.

Featured Tech Jobs