The Short Report – November 22, 2022: Feds order Chinese divestment in critical minerals; new cybersecurity task force; Canada in top 15 “talent competitive” countries, open science awards, and more
Organization: Startup Montréal
Canada growing more $1-billion “unicorn” companies, global startup ecosystem report shows
More Canadian companies are remaining in Canada to grow “unicorns” (firms with a $1-billion or more valuation) rather than selling early to foreign entities, according to data in Startup Genome’s 2022 Global Startup Ecosystem Report. Meanwhile, in Atlantic Canada the number of startups slowed for the second year in a row, according to a separate report by Nova Scotia-based Entrevestor.