The Big 5 Canadian banks have a testy relationship with startups despite their activity in supporting AI research, partnering with accelerators, and lending to tech companies. As major institutions, they should be playing a supportive role in supercharging innovation by investing in, buying services from, and striking partnerships with startups. But overall, the opposite has been happening. The Banks are mostly internalizing their innovation efforts, while shutting out young companies.
A Look at Canadian Bank-Startup Relationships
A Look at Canadian Bank-Startup Relationships
A Look at Canadian Bank-Startup Relationships
The Big 5 Canadian banks have a testy relationship with startups despite their activity in supporting AI research, partnering with accelerators, and lending to tech companies. As major institutions, they should be playing a supportive role in supercharging innovation by investing in, buying services from, and striking partnerships with startups. But overall, the opposite has been happening. The Banks are mostly internalizing their innovation efforts, while shutting out young companies.