TMX Group Launches Canadian Innovation Roundtable

TMX Group has launched a new independent working group, named the Advancing Innovation Roundtable, which will look to examine and facilitate ways to increase access to growth capital for groups across Canada's innovation economy, according to a group statement.

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The Advancing Innovation Roundtable is targeting a September 2016 start date, with initial topics of focus being Scalability Scalability Scalability is a term that describes the constraints of a network via hash rates to meet increased demand. In the context of Bitcoin, scalability reflects the issue in which a limited rate can process transactions adequately.Blocks within the Bitcoin blockchain are limited in both size and frequency. The overall transaction processing capacity of the network is dictated by the average block creation time of 10 minutes as well as a block size limit of 1 megabyte. Consequently, this leads to pain Scalability is a term that describes the constraints of a network via hash rates to meet increased demand. In the context of Bitcoin, scalability reflects the issue in which a limited rate can process transactions adequately.Blocks within the Bitcoin blockchain are limited in both size and frequency. The overall transaction processing capacity of the network is dictated by the average block creation time of 10 minutes as well as a block size limit of 1 megabyte. Consequently, this leads to pain Read this Term issues shared by an assortment of Canadian technology and innovation firms. Additionally the group will explore the ramifications of insufficient growth funding beyond the initial seed and Startup Startup A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c Read this Term stages.

One of its main goals will be to publish and deliver a comprehensive of actionable recommendations in early 2017, emphasizing the successful scaling of globally competitive enterprises in such sectors as technology, clean technology, life sciences and advanced manufacturing, among others.

Roundtable Composition

The composition will include senior leaders from the Canadian investment community, including pension plan groups, banks, endowments, venture capital firms and private equity funds – the group itself will be chaired by Salil Munjal, General Partner at Yaletown Partners, a private investment firm focused on financing growth-stage technology companies

According to Lou Eccleston, Chief Executive Officer (CEO), TMX Group, in a recent statement on the Roundtable formation: "TMX is focused on powering the development of an innovation economy in Canada. Canadian capital markets are vital to helping entrepreneurs through the crucial start-up phase, but also later in the financing chain as their companies scale up to become market leaders.”

“The Roundtable recommendations will help accelerate the growth of Canadian businesses and better position Canada's economy for high-quality economic development and job creation. Salil's experience in both the private and public markets as a leading investor and successful business leader positions him well to help guide the Roundtable," he added.