3. STAGE OF DEALS
Capital raising has been consistently strong since 2012
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Illustrative Start-up Financing Lifecycle
Breakeven
Valley of
Death
Friends &
Family
Up to $500K
Angels
$500K - $2MM
VC Round B
$10MM - $30MM
VC Round C
$30MM - $100MM
IPO
$100MM +
OMERS Ventures Target Stages
VC Round A
$2M - $10MM
Early Stage
Year 2
Later Stage
Years 3 - 6
Liquidity
Event
Year 7+
Seed
Financing
Year 1
Start-up
4. We need Canadian start-ups to be able to scale up…
Into globally competitive firms
That generate revenue
Employ thousands of Canadians
And contribute to our tax base, maintaining public
investments
HELPING CANADIAN INNOVATORS TO SCALE UP
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5. “Extraordinary value creation cannot occur without
growth, and entrepreneurial growth, post-start-up,
has numerous challenges which can be an order of
magnitude more difficult than simply starting a
venture.”
- (Daniel Isenberg, Babson College)
HOW DO WE GET THERE?
Let’s recognize – this will not be easy:
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6. A GOVERNMENT POLICY PLAYBOOK
ACCESS TO
CUSTOMERS
ACCESS TO
CAPITAL
ACCESS TO
TALENT
Standard Setting/Regulation
Intellectual Property / Copyright
Global Trade, Government, Large
Corporation Procurement
International Corporate Taxation
Attract Domestic,
International Educate,
Retrain Hire,
Compensate
Personal Taxation
SRED
Risk-based capital
Incubators,
Accelerators
Lifecycle of an
innovation-based company
$0 $10MM $100MM $1BB+
Score = 0
Score = 8 Score = 4
REVENUES
Government Scorecard
7. • Taxation of stock option
• Temporary Foreign Worker Visa
• Immigration
• Government Procurement
• SR&ED
• More coming …
PROGRESS THUS FAR
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8. • More scaled-up Canadian innovation firms
competing on world stage
• And a better developed, more scaled-up
ecosystem
• This will position us to be acquirers, rather than
always the acquiree.
WHAT DO WE NEED?
When it comes to innovation, we need:
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10. John Ruffolo
Chief Executive Officer
416-369-3725
jruffolo@omersventures.com
OMERS Ventures
200 Bay St
Suite 1410, South Tower
Toronto, ON M5J 2J2
THANK YOU!
OMERS Ventures
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