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"When RIM co-founder and former University of Waterloo Chancellor Mike Lazaridis handed me my degree four years ago, the world was a very different place. BlackBerry was the world leader in smartphones, its stock was at a record high, and the company was clearly seated as the crown jewel of Canada\u2019s tech ecosystem. It was undeniable proof that the country could build a world-class tech company.\nToday, well, things have changed. Canadian Business published RIM's obituary, and according to University of Toronto Business Professor Joseph D'Cruz, Canadian entrepreneurs \u201Cshould not dance with the giants\u201D of Silicon Valley.\nBut that rather broad response may have been a bit premature. In fact, a wave of recent exits to high profile U.S. buyers has put Canada back on the radar of investors. It\u2019s hard to go to a startup or VC event these days without feeling an iron ring on the other side of a handshake. But then that\u2019s part of a growing trend of big money coming Canada\u2019s way. Not convinced? Then here are five other reasons why entrepreneurs should consider setting up shop in Canada. \n1. Talent\nCanadian universities consistently graduate some of the world\u2019s top technical talent, but the competition to attract them is much less intense. You don't have Google and Facebook offering astronomical starting salaries for engineers right out of school. You're not always looking over your shoulder at Wall Street, worrying that they'll take your best data analysts once the markets pick up.\nRIM\u2019s success was driven by brilliant technologists and marketers, while its demise was due to hubris and poor decisions by key executives. The talent responsible for the company\u2019s growth doesn\u2019t just vanish because the company falls apart. They are freed to do bigger and better things. Kik\u2019s Ted Livingston is a prime example of this (although RIM did try suing him in the early days). Former RIM exec, Dennis Kavelman, has also joined high-growth education company Desire2Learn. \n2. Investor Interest\nToo much money chasing too few good ideas and teams in Silicon Valley has led savvy investors to look elsewhere for promising investment opportunities. As a result, many high-profile Silicon Valley and East Coast investors have recently placed big bets on Canadian companies.\nThe historical funding environment in Canada has forced founders to do more with less and avoid the bad habits of many of their better-funded counterparts. In general, any Canadian startup that has been around for more than a year probably has a pretty sound business model and decent traction. Otherwise, they wouldn\u2019t be able to keep the lights on. These characteristics are becoming more appealing to investors, as many of them have been burned by high growth consumer web flame outs.\n3. Immigration\nCanada\u2019s economic growth has been built through immigration and its immigration policy reflects that. Canada doesn\u2019t arbitrarily limit the number of qualified people allowed into the country to 65,000 per year. Canadians understand that immigration is a major driver of economic growth, and the country actively solicits immigrants. Canada's government is also improving its immigration policy to make it easier for highly skilled and younger immigrants to enter the country, including piloting a startup visa. This means that it is far easier to bring technical talent into the country and build your team in Canada, and it will continue to getting easier.\nThat said, Canada still has an accreditation issue in many fields (and still have doctors driving taxis), but it will take as many IT engineers who want to help build its startups as it can get. \n4. A Launchpad for the World\nLargely a function of Canada\u2019s immigration policy, the demographics of Vancouver, Toronto, and Montreal are about as heterogeneous as they come. This means that your early customers often have a variety of biases, so consumer products which do well in Canada often don\u2019t need to change very much to do well around the world. \nCanadian startups also don\u2019t face the \u201Cvalley effect\u201D where ideas that seem to be growing like mad between San Jose and San Francisco quickly lose steam as they land in front of the more skeptical parts of the world. \nOne look at Quora for opinions on the hottest Canadian startups yields many strong B2B players: Shopify, HootSuite, Wave Accounting, FreshBooks, Desire2Learn, and VidYard are a few. Even the B2C companies like Kik either have healthy revenues or massive traction.\nIf your product works well in a major Canadian metro, there\u2019s a good chance it scales well to most of North America, and large parts of the world.\n5. Government Support\nCanada\u2019s government does more to support innovation than any other developed country. From rebates for R&amp;D investment to very favorable tax treatment for capital gains for private company shareholders, Canada has shown a commitment to supporting startups.\nAnd that commitment appears to be gaining steam. The government has allocated $400 million to bolster the VC ecosystem in Canada. While this may seem like a drop in the bucket (the equivalent of one mid-sized Silicon Valley fund), if allocated wisely, it could have a tremendous impact and effectively signal to the world that Canada is open for business."^^<http://www.w3.org/2001/XMLSchema#string>
<http://mashable.com/2012/09/06/startup-canada/>