This page includes an analysis of the economic impact on a representative group of Canadian companies that received investment by venture capital funds supported by the Venture Capital Catalyst Initiative (VCCI) up to December 31, 2020. For 2020, data was reported for 78 out of 153 Canadian companies.
Please note that this data is unaudited and reflective of voluntary reporting from underlying funds; it may not be suitable for year to year comparisons.
Table 1: Key statistics of companies supported by VCCI | | Companies reportingFootnote 1 | Total | Average |
| Employees | 78 | 8,161 | 105 |
| Revenue 2020 | 78 | $1,171,250,687 | $15,016,034 |
| Revenue growth (2019 to 2020) | 78 | Not available | 69% |
| Revenue outside of Canada | 78 | Not available | 44% |
| Research and development expenditure | 78 | $470,209,570 | $6,028,328 |
Table 2: Distribution of companies supported by VCCI by annual revenue | Revenue range | Number of companies within the rangeFootnote 1 | Average revenue growth
(from 2019 to 2020) |
| $0 | 10 | 0% |
| $0–250K | 8 | 10% |
| $250K–1M | 11 | 0% |
| $1M–10M | 29 | 52% |
| $10–100M | 17 | 48% |
| $100M+ | 3 | 96% |
| Total | 78 | 69% |
Table 3: Number of employees of VCCI-backed companiesFootnote 2, by industry sector | Sector | Number of companiesFootnote 1 | Number of employees |
| Number | % of total |
| ICT | 57 | 7,011 | 85.9% |
| Life sciences | 11 | 553 | 6.8% |
| Energy and clean technology | 10 | 597 | 7.3% |
| Other | 0 | 0 | 0.0% |
| Total | 78 | 8,161 | 100% |
Table 4: Number of employees of VCCI-backed companiesFootnote 2, by province | Region | Number of
companies | Number of employees |
| Number | % of total |
| BC | 8 | 747 | 9.2% |
| AB | 2 | 243 | 3.0% |
| MB | 1 | 371 | 4.5% |
| ON | 45 | 2,325 | 28.5% |
| QC | 20 | 3,831 | 46.9% |
| NB | 1 | 12 | 0.1% |
| NS | 1 | 632 | 7.7% |
| Total | 78 | 8,161 | 100% |
Footnotes
