We are pleased to release the 2015 Global Entrepreneurship Monitor (GEM) Ontario Report jointly with The Center for Innovation Studies and Ryerson University. This report is a part of a much larger global effort designed to improve our understanding of entrepreneurship in Ontario and benchmark its progress against other jurisdictions.
Unsurprisingly, for anyone living in one of the province’s many entrepreneurial hubs, the report shows Ontario emerging as a leader in entrepreneurship participation. Ontario rate of entrepreneurship participation went from 11.7% in 2013 to 14.4% in 2015, a significant change compared to similar peer economies such as the US, Australia and Germany who experienced a decline.
Indeed, Ontario and Canada are also the only economies to have experienced any growth in participation rates at all. In 2015, Ontario surpassed prominent peer economies such as the United States, Australia and Germany in entrepreneurship participation.