Toronto Regional Scale-up Consultation: Challenges and choices

An overview of insights and perspectives from a Toronto regional consultation on the development of an Ontario Scale-Up Strategy
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Toronto Regional Scale-up Consultation: Challenges and choices

About this Report

On September 7, 2017, the Brookfield Institute for Innovation + Entrepreneurship hosted a Toronto regional consultation on behalf of the Ministry of Economic Development & Growth to help inform the development of an Ontario Scale-Up Strategy.

Thirty-one stakeholders attended including 21 executives of Toronto-based scale-up companies and 10 ecosystem players (see Appendix A). Participants divided up into six groups, each focusing on one of the pillars guiding consultations on the Scale-Up Strategy. They explored three sets of questions:

  1. What are the key barriers you face as a scale-up? (What key barriers do the scale- ups you work with face?)
  2. What do you think are the root causes of these barriers?
  3. What are the most useful programs/resources you have accessed to overcome these barriers? What additional solutions would be most helpful?

This report synthesizes the insights and perspectives participants shared during the consultation.

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Key findings from the report:

Overall, the themes of Talent and Capital attracted the most vigorous participation from attendees. Even discussions on Intellectual Property or Access to Markets would often return to a core discussion on talent or capital; for example, specific sales talent is required to open new markets, and the very activity of preparing an IP plan requires sufficient resources to execute.

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