GEM Canada 2015 - Ontario

pdf
  • Year of publication: 2015
  • Category: National Reports
  • Language: English
  • Upload date: 2016-09-28

Ontario enjoys one of the highest levels of positive attitudes reported towards entrepreneurship among the innovation-driven economies surveyed. For the first time, Ontario, together with Canada, shows the highest rate of total early-stage entrepreneurial activity (TEA), compared to developed countries in the reference group. In previous years, the US held first place. Ontario entrepreneurs show relatively modest job creation aspirations compared with reference countries. Most Ontario early-stage businesses are in consumer-oriented services, followed by business-oriented services, the transforming (manufacturing) sector and, with the lowest rate, the extractive sector (e.g. mining, agriculture). Ontario TEA ventures also use the very latest technologies at the highest rates (12%) and new technologies available in the last five years (21%), compared to the US and Australia. Canada (12.5%) is also comparable to Ontario. Ontario start-ups are also relatively export-oriented. They lead the reference group with 32.6% indicating having more than 25% of their revenues from outside the country.

Loading...