New Report: Into the Scale-up-verse

Into the Scale-up-verse: Exploring the landscape of Canada’s high-performing firms

December 10, 2021

Scale-ups, or high-growth firms, are responsible for the vast majority of productivity growth in Canada, making them an immensely powerful tool in the pursuit of Canada’s long-term economic stability and prosperity. However, only 1 in 100 young firms reach scale-up status within their first ten years. How can we harness, support, and amplify the power of scale-ups and their contributions to the Canadian economy?

A new study, Into the Scale-up-verse, takes the first step toward better equipping policymakers  to support the success of Canadian firms by unpacking the complexity and nuance in Canada’s diverse scale-up universe. Produced jointly by the Brookfield Institute for Innovation + Entrepreneurship and the Innovation Policy Lab at the University of Toronto’s Munk School of Global Affairs & Public Policy, this report analyzes the most recent and detailed dataset concerning Canadian business dynamics to provide a novel and comprehensive guide for those in a position–such as academic researchers, industry players, and government policymakers–to design supportive economic policy and facilitate productive conversations about Canada’s scale-ups.

Among the findings in the report, we identify key themes that best summarize what we now know about scale-ups in Canada:

[Read report]