The State of Entrepreneurship
Embracing equitable support and access
The Business Development Bank of Canada (BDC) examined numbers from Statistics Canada and found that the country has 100,000 fewer entrepreneurs than it did 20 years ago — even though the population has grown by more than 10 million over the same period. This type of statistic is a strong call to action for the community. To be a competitive entrepreneurial nation, we must step up and ensure the pipeline of early-stage founders is supported to fill this gap.
It’s been encouraging to see various types of support offered by the private sector, government, and ecosystem stakeholders over the last year. On our Startup Canada Tour, the Premier of the Yukon, the Honourable Ranj Pillai, announced a Canadian first - the Yukon’s government-funded paid sick leave program for workers and self-employed individuals. It’s important that when we look at the experience of a founder, we’re not only looking at concrete programs, financing, and advisory support but also looking at ways to support the individual behind the business holistically.
The compass of progress I think is intending in the right direction, but we have a long way to go in ensuring the entrepreneurship community is rooted in equitable support and access. Some of the most innovative, inspiring startups I’ve met in Canada don’t live in “Top 30” articles. Ventures changing the world are part of every community across the country, big and small, and many don’t operate within the traditional “tech space.“ With the world’s biggest problems - climate change being a big one - evolving quickly and demanding our collective attention, I’d place my bet on Canadian entrepreneurs as they continue to deliver disruptive, thoughtful solutions for the world.
Embracing a diverse population
Canada's population is one of the most diverse globally, with a significant portion of its residents born outside the country.
Embracing DEI means businesses can more effectively cater to a wider range of markets and needs, leveraging the diverse perspectives and experiences that mirror Canada's demographic makeup.
Entrepreneurs who embody and practise DEI principles are better positioned to innovate and create solutions that appeal to a broader audience. Whether you call it DEI or cultural competency, there is still a growing need on how to navigate the growing diversity of cultures in organizations.
Embracing community
In Saskatchewan's entrepreneurial community, the future of work is all about embracing change and coming together to build something meaningful. As we look ahead, it's not just about keeping up with technology; it's about creating workplaces where everyone feels valued and included.
By focusing on learning, diversity, and community, we're not just preparing for the future but shaping it to be brighter and more inclusive for everyone in our province.