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Social Venture Connexion links Toronto and California startups

California has long been seen the centre of the tech world. With companies like Apple, Facebook and Google all calling the relatively small confines of Silicon Valley home, many aspiring to helm their own tech juggernauts move to the Golden State to launch a startup.  

For decades, this has meant that a wealth of talent and capital has flowed to the state at expense of other North American territories. 

Now, that flow is set to become a bit more reciprocal. 

On November 6, the Province of Ontario and State of California announced a new co-investing and collaboration partnership.
The agreement will see the two jurisdictions work together to foster job creation, increase access to capital and attempt to create positive social and environmental change. It will also see Ontario’s Social Venture Connexion, a platform that connects investors with high impact social ventures, expand into California, marking the first time a Canadian platform of this like has scaled to a place outside of the country. 

Toronto will see wealth of benefits from the partnership, says Adam Spence, the associate director at MaRS’s Centre for Impact Investing.  

“If we’re looking at the impact, one is an better access to markets outside of Canada for Toronto-based entrepreneurs,” says Spence,
"An additional impact is a strong demonstration of leadership. We’re showing that we can build and share a platform that’s made in Ontario. We’ve successfully deployed the SVX platform south of the border, and that’s an indication that we have a strong, vibrant and leading impact investing space.” 

Source: MaRS
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