MTech12 003

September 13, 2012 By Leave a Comment

OMERS Ventures CEO Kevin Cowan says Canadian tech is up against some obvious headwinds. We are coming off the biggest commodities bull market in history, he said, and that is coupled with the recent troubles of Research in Motion. But we are seeing a huge renaissance in tech companies in Canada, points out the OMERS Ventures CEO, citing Waterloo's Beyond the Rack and Desire2Learn, as well as Vancouver-based Hootsuite. Wellington Financial's McQueen said that although the Canadian tech sector represents a paltry 1.6% of the value of the overall market, companies such as Constellation Software and SXC Health (now Catamaran Corporation) have, in fact, made people a lot of money.

OMERS Ventures CEO Kevin Cowan says Canadian tech is up against some obvious headwinds. We are coming off the biggest commodities bull market in history, he said, and that is coupled with the recent troubles of Research in Motion. But we are seeing a huge renaissance in tech companies in Canada, points out the OMERS Ventures CEO, citing Waterloo’s Beyond the Rack and Desire2Learn, as well as Vancouver-based Hootsuite. Wellington Financial’s McQueen said that although the Canadian tech sector represents a paltry 1.6% of the value of the overall market, companies such as Constellation Software and SXC Health (now Catamaran Corporation) have, in fact, made people a lot of money.

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About Nick Waddell

Cantech Letter founder and editor Nick Waddell has lived in five Canadian provinces and is proud of his country's often overlooked contributions to the world of science and technology. Waddell takes a regular shift on the Canadian media circuit, making appearances on CTV, CBC and BNN, and contributing to publications such as Canadian Business and Business Insider.