BetaKit: Hockeystick launches list of active funders as COVID-19 creates cash crunch for Canadian startups

As the Canadian economy prepares for the effects of the COVID-19 (coronavirus) outbreak, Toronto-based market data company Hockeystick has released a new list of the active equity funders, lenders, and government funders in Canada.

The COVID-19 pandemic is expected to have a significant impact on the Canadian economy and tech startups are not excluded. Speaking with Raymond Luk, the founder and CEO of Hockeystick spoke to a rising sense of uncertainty in Canada’s tech community due to the COVID-19 outbreak. He said cash is top of mind for founders and entrepreneurs now more than ever, and his goal with creating the list of active funders was to make it easier for startups to quickly access funding resources.

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Active government funders include the National Research Council, which provides up to $10 million. Mitacs, which provides $7,500 every four to six-month internship unit, is listed as the second most active government funder, and the Scientific Research and Experimental Development (SR&ED) tax incentive program is listed as third. Hockeystick noted that SR&ED is the largest source of startup funding in the country.

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