2015 Global Entrepreneurship Monitor

An examination of the driving forces behind a rise in Ontario's entrepreneurship rates, including the attitudes, motives and aspirations of entrepreneurs
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2015 Global Entrepreneurship Monitor Report
Matthew Lo
Policy Advisor

About this Report

The 2015 Global Entrepreneurship Monitor (GEM) Ontario Report is an annual report produced this year by the Brookfield Institute for Innovation + Entrepreneurship (BII+E), Ryerson University and The Centre for Innovation Studies.

The report analyzed the performance of entrepreneurs in Ontario in comparison with similar economies worldwide, including Canada as a whole, the US, Australia and Germany. Ontario is a leader in entrepreneurship participation, with growth from 11.7% in 2013 to 14.4% in 2015. In Ontario’s rich and robust entrepreneurship ecosystem, everybody has access to entrepreneurship, regardless of age, gender or income.

This report is useful to government policy makers, academics, university and post-secondary institutions and those who want to gain a better understanding of entrepreneurship ecosystem in Ontario, as well as the entrepreneurs operating within the ecosystem.

It also delves into relevant policy recommendations, including mentoring programs, developing a strategic vision and programs for women in entrepreneurship, R&D transfer improvement and entrepreneurship education from a young age.

Read this report to help you:
  • Understand the level of entrepreneurship activity and the economic aspirations of entrepreneurs in Ontario.
  • Understand public attitudes towards entrepreneurship.
  • Compare the entrepreneurial performance of Ontario with similar economies around the world.
  • Identify relevant policy responses to the continual improvement of the entrepreneurship ecosystem in Ontario.

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Key findings from the report:

This report shows that Ontario is a leader in entrepreneurship and performing quite well, but there are clear areas in which we can improve. In 2015:

  • Ontario had one of the highest entrepreneurship participation rates among reference economies, second only to Canada as a whole.
    21 percent of Ontario entrepreneurs adopted the very latest technologies in their businesses.
  • Ontario had the highest woman entrepreneurship participation rate at 13.8 percent, and 87.76 percent of woman entrepreneurs were opportunity-driven.
  • 51.2 percent of Ontarians were confident in their abilities to start a business, but
  • 46.7 percent said fear of failure would prevent them from starting a business.
  • 52 percent of opportunity-driven entrepreneurs see independence as a strong incentive for starting a business, while only 29.2 percent see increasing income as motivation.
  • 26 percent of all Ontario entrepreneurs operate in the wholesale, retail and hotels sector.

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Sep 19, 2016

Ontario’s path to becoming an international leader in entrepreneurship participation is, amongst other things, a story of access
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