Globe Staff Published 15 minutes ago
A new study suggests Canada's tech-sector brain drain is getting worse, and our reporters are answering your questions about what it means for the economy and workforce.
Brain drain has been a perennial problem in Canada’s tech sector and a new study suggests it has accelerated.
Toronto venture-capital firm Leaders Fund found that just 32.4 per cent of Canadian-led “high-potential” startups launched in 2024 were headquartered in Canada . (The study defined these startups as having raised US$1-million, with most of their senior leaders educated in Canada. The survey tracked 2,932 such companies over a decade.)
From 2015 to 2019, that figure exceeded 67 per cent. Much of the decline has occurred since the COVID-19 pandemic began. As a result, C