FACTBOX-Canada’s venture capital industry

May 26 (BestGrowthStock) – Canada’s technology-oriented venture
capital industry is struggling for survival, trying to persuade
investors it can return to the glory days that led to the birth
of success stories like the BlackBerry smartphone.

Investors, including Canadian pension funds, which emerged
as some of the globe’s most powerful dealmakers while the world
limped out of recession, are expected to be in Ottawa in record
numbers for the Canadian Venture Capital and Private Equity
Association (CVCA) annual conference May 26-28, the country’s
largest such industry gathering.

Following are some key facts about the country’s venture
capital industry:

* It helped give birth to Research In Motion (RIM.TO: ), the
company that invented the now ubiquitous BlackBerry
smartphone.

* Some 1,755 venture capital companies generate sales of
C$18.3 billion ($16.3 billion) a year, employing about 64,000
people, 17,760 of them abroad.

* Venture capital investment is falling in Canada, while it
is still expanding in the United States.

* A total of C$276 million was invested in the sector in
the first three months of the year, less even than the C$279
million invested last year, when venture capital investing was
at its lowest since 1996.

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($1=$1.06 Canadian)
(Reporting by Pav Jordan; editing by Rob Wilson)

FACTBOX-Canada’s venture capital industry