A troubling divergence has developed in the Atlantic Canadian startup community as early-stage companies have difficulty launching even as their elder comrades grow rapidly.
This is the main conclusion of the 2021 Atlantic Canada Startup Data report, which we are unveiling today. This is the first of our annual data reports in which we have warned about early-stage founders experiencing undue hardship.
The East Coast Startup community comprised 771 companies at the end of 2021, an increase of 4.5 percent over 2020, the slowest growth we’ve ever recorded. Though the pandemic is one reason