Etienne-Rene Massie · Assistant Deputy Minister, Innovation, Science and Economic Development Canada (ISED)
NACO engages on industry-related policies and regulatory frameworks that affect angel investing and the availability of early-stage risk capital in Canada. A stable and competitive investment environment that recognizes the risks associated with early-stage investment is important to support entrepreneurship, innovation, and the formation of high-growth companies across sectors and regions. NACO's activities focus on strengthening the conditions under which early-stage companies can access capital in challenging market environments, including periods of tighter credit, heightened competition for capital, and economic uncertainty. By supporting the development of effective policy and program frameworks, including Canada's venture capital strategy and supports for emerging fund managers, NACO contributes to a more resilient early-stage innovation ecosystem and improved pathways for companies to progress from startup through early growth. NACO also engages on initiatives intended to mobilize private capital alongside public resources, including public-private co-investment and capital-matching approaches relevant to angel and early-stage investors. Through these activities, NACO shares perspectives informed by its experience supporting angel investors, angel networks, and early-stage entrepreneurs, including on the importance of capital availability for emerging companies and underserved segments of the innovation economy.Read more
Simran Arulraj · Policy Advisor, Innovation, Science and Economic Development Canada (ISED)
David MacFarlane · Director of Policy, Innovation, Science and Economic Development Canada (ISED)
NACO engages on industry-related policies and regulatory frameworks that affect angel investing and the availability of early-stage risk capital in Canada. A stable and competitive investment environment that recognizes the risks associated with early-stage investment is important to support entrepreneurship, innovation, and the formation of high-growth companies across sectors and regions. NACO's activities focus on strengthening the conditions under which early-stage companies can access capital in challenging market environments, including periods of tighter credit, heightened competition for capital, and economic uncertainty. By supporting the development of effective policy and program frameworks, including Canada's venture capital strategy and supports for emerging fund managers, NACO contributes to a more resilient early-stage innovation ecosystem and improved pathways for companies to progress from startup through early growth. NACO also engages on initiatives intended to mobilize private capital alongside public resources, including public-private co-investment and capital-matching approaches relevant to angel and early-stage investors. Through these activities, NACO shares perspectives informed by its experience supporting angel investors, angel networks, and early-stage entrepreneurs, including on the importance of capital availability for emerging companies and underserved segments of the innovation economy.Read more
Etienne-Rene Massie · Assistant Deputy Minister, Innovation, Science and Economic Development Canada (ISED)
NACO engages on industry-related policies and regulatory frameworks that affect angel investing and the availability of early-stage risk capital in Canada. A stable and competitive investment environment that recognizes the risks associated with early-stage investment is important to support entrepreneurship, innovation, and the formation of high-growth companies across sectors and regions. NACO's activities focus on strengthening the conditions under which early-stage companies can access capital in challenging market environments, including periods of tighter credit, heightened competition for capital, and economic uncertainty. By supporting the development of effective policy and program frameworks, including Canada's venture capital strategy and supports for emerging fund managers, NACO contributes to a more resilient early-stage innovation ecosystem and improved pathways for companies to progress from startup through early growth. NACO also engages on initiatives intended to mobilize private capital alongside public resources, including public-private co-investment and capital-matching approaches relevant to angel and early-stage investors. Through these activities, NACO shares perspectives informed by its experience supporting angel investors, angel networks, and early-stage entrepreneurs, including on the importance of capital availability for emerging companies and underserved segments of the innovation economy.Read more
NACO engages on industry-related policies and regulatory frameworks that affect angel investing and the availability of early-stage risk capital in Canada. A stable and competitive investment environment that recognizes the risks associated with early-stage investment is important to support entrepreneurship, innovation, and the formation of high-growth companies across sectors and regions. NACO's activities focus on strengthening the conditions under which early-stage companies can access capital in challenging market environments, including periods of tighter credit, heightened competition for capital, and economic uncertainty. By supporting the development of effective policy and program frameworks, including Canada's venture capital strategy and supports for emerging fund managers, NACO contributes to a more resilient early-stage innovation ecosystem and improved pathways for companies to progress from startup through early growth. NACO also engages on initiatives intended to mobilize private capital alongside public resources, including public-private co-investment and capital-matching approaches relevant to angel and early-stage investors. Through these activities, NACO shares perspectives informed by its experience supporting angel investors, angel networks, and early-stage entrepreneurs, including on the importance of capital availability for emerging companies and underserved segments of the innovation economy.Read more
NACO engages on taxation and financial policy matters that affect angel investment and the availability of early-stage risk capital for Canadian entrepreneurs. NACO provides data, research, and practical perspectives informed by the experience of angel investors and early-stage companies to support the development of tax policies that encourage private investment at the earliest stages of company formation.
Well-designed tax and financial policies can help strengthen Canada’s early-stage capital markets, support entrepreneurship, and improve the conditions for innovative companies to start, grow, and scale. NACO engages with policymakers to share insights from the angel and early-stage investment community and to contribute to discussions on how taxation and financial policy can support innovation, productivity, and long-term economic growth in Canada.
Simran Arulraj · Policy Advisor, Innovation, Science and Economic Development Canada (ISED)
NACO engages on industry-related policies and regulatory frameworks that affect angel investing and the availability of early-stage risk capital in Canada. A stable and competitive investment environment that recognizes the risks associated with early-stage investment is important to support entrepreneurship, innovation, and the formation of high-growth companies across sectors and regions. NACO's activities focus on strengthening the conditions under which early-stage companies can access capital in challenging market environments, including periods of tighter credit, heightened competition for capital, and economic uncertainty. By supporting the development of effective policy and program frameworks, including Canada's venture capital strategy and supports for emerging fund managers, NACO contributes to a more resilient early-stage innovation ecosystem and improved pathways for companies to progress from startup through early growth. NACO also engages on initiatives intended to mobilize private capital alongside public resources, including public-private co-investment and capital-matching approaches relevant to angel and early-stage investors. Through these activities, NACO shares perspectives informed by its experience supporting angel investors, angel networks, and early-stage entrepreneurs, including on the importance of capital availability for emerging companies and underserved segments of the innovation economy.Read more
From the Office of the Commissioner of Lobbying's open data, published November 5, 2026.
Reports cover oral, arranged meetings with designated public office holders since November 22, 2021; lobbyists file them by the 15th of the following month.
Names of MPs are matched to the current House of Commons, and bills are linked when the lobbyist's own description makes clear which bill it means.
Contains information licensed under the Open Data Licence Agreement — Office of the Commissioner of Lobbying. Licence.
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