Investor-led group recommends solutions to close the capital gap for growth-stage companies
TORONTO, Feb. 21, 2017 /CNW/ - The Advancing Innovation Roundtable, an independent
working group funded by TMX Group, today published a report on how to increase access to growth capital for Canadian innovation
economy companies as they progress beyond the seed and start-up stages. Announced in
October 2016, the 12-member Roundtable is a private sector, investor-led initiative bringing
together leaders across Canada's financial services industry, including finance, investment and
capital formation.
The growth capital gap – currently estimated at $4 billion, and on the increase – is
constraining emerging companies and limiting the potential of Canada's innovation economy as a
whole. The recommendations of the Advancing Innovation Roundtable focus on solutions, sourced from both the public and private
markets, which address the scalability and financing issues across Canada's ecosystem that
serves as the foundation for the long-term sustainability of our country's innovation economy.
Read the full report at www.tmx.com/advancinginnovation .
The Roundtable recommendations are organized into three categories: 1) institutional capital, 2) public markets and 3)
ecosystem foundations. Institutional capital and public markets recommendations directly target the existing capital supply gap,
while ecosystem foundations recommendations champion the need to invest in the infrastructure to support the innovation economy
of the future, ensuring Canada can maximize the economic returns from innovation. Each
recommendation is supported by specific, viable proposals that are actionable immediately.
"The Roundtable recommendations are a call to action, primarily to the investment sector, to participate in the growth of
Canada's innovation economy companies and to help close our growth capital gap," said
Salil Munjal, Chair, Advancing Innovation Roundtable. "The recommendations spell out immediate
actions to improve capital supply for growth-stage companies."
"TMX is proud to fund and participate in this landmark, private sector-led initiative focused on powering the development of
Canada's innovation economy," said Lou Eccleston, Chief Executive
Officer, TMX Group. "The Roundtable's recommendations are directly aimed at unlocking vital growth capital for innovation firms
with scale-up potential, creating improved conditions for their growth in both private and public markets, and strengthening the
infrastructure needed to support the Canadian innovation ecosystem."
About TMX Group (TSX: X)
TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including
equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for
Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, NGX, Shorcan, Shorcan Energy Brokers, AgriClear and other TMX Group companies provide listing markets, trading markets, clearing
facilities, depository services, data products and other services to the global financial community. TMX Group is headquartered
in Toronto and operates offices across Canada (Montréal,
Calgary and Vancouver), in key U.S. markets (New York and Houston) as well as in London, Beijing and Singapore. For more
information about TMX Group, visit our website at www.tmx.com.
Follow TMX Group on Twitter: @TMXGroup.
SOURCE TMX Group Limited
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