A recent report from the Northern Ontario Angels network shows the tech sector remains the number one target for investors.
Ian Lane is executive director and says 45% of their investments go to tech companies.
“Now technology is a large category and to sub-divide that into the sub categories the list gets really large really quickly. So there’s MedicalTech, FinnTech, AgriTech, and CleanTech is really important.”
Lane says they do support traditional industries in northern Ontario as well with the report showing 22% of their investment going to manufacturing, and 6% to resource-based companies.
Lane adds, “We support companies at very different stages and entrepreneurs at different stages across different sectors. We have exploration-natural resources as part of the compliment of entrepreneurs and businesses that we support.”
He notes earlier this year, Northern Ontario Angels was recognized as the number one angels network in North America with more than $700 million in total investments since 2009.
