Due to a resurgence in the Canadian tech sector, 2015 will be a breakout year for companies in that space, says Rick Nathan, managing director of Kensington Capital Partners.
After witnessing declines in the mining, materials and oil and gas sectors, he adds, many investors are looking to technology for growth.
Nathan notes, “Over the past several years, Canada’s tech sector has seen very few companies achieve the scale and growth necessary for successful public offerings.”
Now, however, “the market is much healthier and more receptive […] Last year saw a surge of IPOs in the U.S., and we anticipate 2015 will bring a wave of Canadian tech IPOs.”
Further, Industry Minister James Moore says he’s committed to working with the private sector to strengthen all levels of Canada’s venture capital ecosystem. He adds, “Our […] ability to give Canadian entrepreneurs access to significant amounts of capital will create new jobs, help fund more innovative ideas and ultimately enable Canadian technology firms to build globally competitive businesses.”