In partnership with the Innovation Policy Lab at the Munk School of Global Affairs & Public Policy, the Brookfield Institute for Innovation + Entrepreneurship leveraged the most recent and detailed dataset concerning Canadian business dynamics to unravel complex scale-up behaviour in Canada. Our new report, Into the Scale-up-verse, challenges how scale-ups are defined and measured in Canada and unpacks the nuanced and varied ways that scale-ups contribute to the Canadian economy. This report has the potential to inform economic policymaking, along with conversations that can better equip Canadian firms to harness the immense power they hold in securing long-term economic sustainability and prosperity.
What does Into the Scale-up-verse teach us?
Not all scale-ups are the same. Into the Scale-up-verse provides the first national and sub-provincial breakdown of scale-up activity in Canada and offers a deep understanding of the roles different types of scale-ups play in boosting productivity, employment, exports, and R&D. The report provides the baseline metrics and guidance that academic researchers, industry actors, and government policymakers need to better inform supportive policy for scale-ups in Canada.
Scale-ups are rare but impactful. Only 1 in 100 young firms will reach scale-up status within their first 10 years. Despite their small population, however, the contribution that these scale-ups make to Canada’s economic growth is substantial and invaluable. We’ve pulled some of the key insights from the report to summarize the importance of these high-growth firms.