There have been two main trends in the Newfoundland and Labrador startup community in recent years – the flood of new companies, and the accelerating advance of its most successful ventures.
This is rare. Some communities do a great job of nurturing their best companies, but without bringing in a new wave of entrepreneurs. Others continue to encourage and train new entrepreneurs, while their existing companies have trouble growing.
The startup community in Newfoundland and Labrador is advancing on both fronts, with established companies making strong gains and new companies sprouting up.