"At the beginning of the session, Flore Kouadio delivered a presentation on the role of the Competition Bureau in fostering a competitive financial landscape that benefits SMEs. She highlighted the importance of SMEs actively engaging within the competition ecosystem, encouraging them to connect directly with the Bureau or share their insights with organizations dedicated to supporting their growth, such as Startup Canada."
"Four critical pillars shaping the future of financial access for entrepreneurs were explored during this session. They included: 1. Accessing Diverse Funding Options The first theme centred on the diverse types of funding available, from chartered banks and credit unions to government institutions and pitch competitions. The consensus among the panel was clear: funding options are available, but securing funds takes time, preparation, and proactive relationship building."
Canadian SMEs face an evolving financing landscape requiring proactive engagement with competition authorities and diverse funders. The Competition Bureau promotes a competitive financial environment that benefits SMEs and urges SMEs to share insights with supportive organizations. Funding sources span chartered banks, credit unions, government institutions, and pitch competitions. Securing capital requires time, preparation, and relationship building. Representatives from the Competition Bureau emphasize monitoring and removing barriers to competition. Organizations represented included FXO Consulting, the City of Mississauga, and BDC, which highlighted practical financing pathways and the need for policy attention to protect fair access to capital.
Read at www.startupcan.ca
Unable to calculate read time
Collection
[
|
...
]