Re:Google's expansion plans show why Canada's tech boom is h...
by amscanne on Sunday February 09, 2020 @02:52PM
(#22283964)
Another Canadian in strong agreement chiming in.
I think IRAP and SRED are okay, they just led to government picking winners (IRAP) and an awful ecosystem of vendors and abuse (SRED).
I’m of the opinion that Canada should take that money and do what Israel did with Yozma. Match the creation of VC funds with government capital and generous exit terms (e.g. government matches with 50% capital, is totally silent partner and can be bought out at any time with a 30% premium). I bet big VCs would jump at the opportunity and everyone would win (Israel actually saw a return in the end).
I think IRAP and SRED are okay, they just led to government picking winners (IRAP) and an awful ecosystem of vendors and abuse (SRED).
I’m of the opinion that Canada should take that money and do what Israel did with Yozma. Match the creation of VC funds with government capital and generous exit terms (e.g. government matches with 50% capital, is totally silent partner and can be bought out at any time with a 30% premium). I bet big VCs would jump at the opportunity and everyone would win (Israel actually saw a return in the end).