Congratulations L-SPARK 2016 Cohort

Congratulations L-SPARK 2016 Cohort

L-SPARK is the only Canadian Incubator and Accelerator that focuses exclusively on Enterprise SaaS and cloud startups. With established relationships with key venture capital firms, angel investors, and the investment community at large, their mission is to create a deal flow of fundable enterprise SaaS startup companies.

L-SPARK portfolio companies have raised a total of $5 million in venture investment in the 18 months that L-SPARK has been in operation. They have created this video about their program, and the 2016 cohort of companies.

Economics on its Head – Half Year in Review

Economics on its Head – Half Year in Review

The overall economy becoming less responsive to volatile commodity prices (such as oil) is potentially a great thing for global innovation. It reduces global uncertainty which permits the longer term planning required to innovate in some of the most challenging sectors. This is one of the benefits from the Clean Energy revolution that few consider.

Global Tech Hubs – London, post-Brexit

Global Tech Hubs – London, post-Brexit

We do not believe that exiting the EU is a wise decision. Lowering of barriers, and simplification of structures is always preferable.

New initiatives will be impacted. If you run a multinational firm and have to choose between expanding your operation in Germany or the UK, you’ll likely consider the choices differently today, and opt for the easier, more stable option. That more often than not is likely to be Germany. Once the UK leaves the EU, it’s part of a much smaller marketplace. Still one of the largest economies in the world, but dramatically smaller. The long-term growth change is what will affect the UK most.

Ironically, the majority of youth voted to remain in the EU, and they are the ones that will pay the price in their reduced income & employment opportunities. Those no longer in the workforce, or in industries that are disappearing globally were overwhelmingly supportive of “Leave.” Their prospects will not change, and they will come to learn that they chose the wrong option for their own children.