Jessica Vomiero | SmallCapPower | January 25, 2016: Investor enthusiasm seems to be building for this year’s Cantech Investment Conference to be held in Toronto on January 26, 2016, at the Metro Toronto Convention Centre.
Some well-known names in the Canadian business world, such as Michael Hainsworth of the Business News Network and John Ruffolo of OMERS Ventures, will be speaking at the conference about the evolution of Canadian technology sector and strategies for investing in disruptive technology. In addition, the conference will explore the emergence “FinTech,” or Financial Technology, in the Canadian financial sector and the role it will play in the coming years.
According to a report compiled by Toronto-based MaRs and Information Venture Partners FinTech in Canada is on the rise. Global investments in the FinTech sector reached $6.8 billion CAN in 2014. The report also states that technology spending by the Canadian financial sector will increase to $14.8 billion by 2018.
According to Mr. Ruffolo, conferences such as Cantech speak to the direction Canadian Venture Capital firms are heading in. However, he states that investing in companies with a disruptive model often poses unprecedented risks.
“Investing in technology is a very big challenge for those of us that spend all day looking at this. You really have to do your homework.”
Investing in disruptive technology brings new challenges that many aren’t prepared for, says Mr. Ruffolo. He’s looking forward to exploring these challenges in a conversation with Globe and Mail’s technology reporter Sean Silcoff.
Others that will be presenting include, Ian Black of Uber Canada, Markus Frind of Plenty of Fish and Frank Coccia of PUDO.
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