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What You Need to Know About the Best Business Sectors in Canada

If you’re looking for the best start-up sectors and ideas in Canada to get involved with, this is a great place to start.

It’s no secret that Canada is a hotspot for start-ups. But what are the most popular sectors in which Canadian entrepreneurs are starting businesses? The best start-up sectors in Canada vary depending on who you ask. They range from food and beverage to fintech to education and everything in between.

To give you some clarity, we’ve listed some of the popular sectors in which people have started businesses in Canada in recent years:

Health

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Finance

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Media

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Cybersecurity

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Education

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Artificial Intelligence

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Real estate

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Energy

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Consumer Goods

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Entertainment and sports

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Transportation

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Hospitality

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Analytics and big data

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Arts and design

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Legal

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AgriTech

The future of agriculture is in Canada. The country has become the center for innovation, research, and development on this subject matter with its rich landscape that provides natural resources.

 

The agricultural and agri-food sector is a vital part of Canada’s economy, impacting both North America as well as the world. Southern Alberta (Calgary), Edmonton, and British Columbia’s Fraser Valley are home to nutrients that help to feed Canada’s growing population but also have rich farming traditions dating back many centuries ago when indigenous people farmed corn on these very lands before European settlers arrived from Europe.

 

With its bright future in agriculture, Canada is the finest place to start an innovative business and expect growth.

Business Ideas

Livestock

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Artificial Intelligence

Canada has cemented itself as a global leader in Artificial Intelligence thanks to exceptional talent, stellar research institutions, and the decision by the government that it would be an important strategic priority.

Canada has a growing AI ecosystem that will soon be defined by unparalleled government support. The Scale Supercluster, located in Quebec and spanning the Montreal-Waterloo corridor is dedicated to bringing together retail sectors with manufacturing/transportation infrastructure ICT networks for an intelligent supply chain. The future of Canada’s Artificial Intelligence Ecosystem lies within this secret project called “Supercluster”. It’s so powerful it can change how we live like human beings!

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Blockchain

Canada has become one of the world’s top five countries for blockchain and cryptocurrency. Despite late adoption, experts believe that Canada provides all favorable conditions for success as a hub in this space due to its well-comprehensive regulation combined with strong investment incentives from companies like RBC who are actively involved within digital currency industry sectors. 

Canada offers low energy costs, an approach that balances regulation with speediness in super-fast internet service which is all essential ingredients for success within this industry!

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Clean Technology

The government of Canada has prioritized clean technology innovation. With massive economic potential, they aim to support the development and advancement of this sector through investments in research & development as well policies that encourage greener practices at home.

Ontario is one of Canada’s most progressive states when it comes to clean technology. The capital city, Toronto has a high number and variety of scientists who are constantly coming up with new ideas for sustainable solutions that will benefit our environment as well as any other problems they may have been working on too!

The Canadian government is committed to developing clean technology and has made it one of its top priorities. They provide all the necessary resources for this growth, including tax incentives that have helped fuel a booming industry in electric cars among others things!

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Cybersecurity

Ontario’s cybersecurity sector is one of the most robust in the world.

The digital technologies that shape our lives today were not always available or affordable. They’ve become essential for innovation and growth because they empower people every day with new ideas, products & services across many sectors including enterprise software development. The cybersecurity industry in Ontario is booming, and it’s thanks to the hundreds of startups that have popped up. The Herjavec Group was one such firm that found success here after they were founded by entrepreneurs with local knowledge about what makes this province great for innovation—and now their company has grown into something massive!

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Education

EdTech is the combined use of technology and educational theories to facilitate student learning. It’s an industry that includes early-stage startups, middle-market companies with publicly traded firms like Apple or Google who are looking for growth opportunities in this growing field–but it also attracts veterans from other industries because they see value there too!

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Energy

Canada’s energy sector has been heralded as a critical part of the economy, even though oil and gas production is one of Canada’s largest contributors to greenhouse gas emissions. The energy sector contributes to the Canadian economy not just through GDP contributions but also in terms of corporate taxes paid by companies that extract resources like natural gas or crude oil from beneath our feet.

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FinTech

The past few years have seen a huge wave of change in the finance industry. The global financial services sector is being reshaped by regulatory reform, consolidation, and technological advancements that are unprecedented for their scope throughout human history!

Ontario’s financial services companies are concentrated in downtown Toronto, close to IT and other professional service providers. This makes it an ideal place for investors who want stability with a strong innovation ecosystem to support their businesses needs.

It’s one of Canada’s top priorities to help innovative businesses expand their geographical footprint or build new companies in this booming sector by offering them access to not only rich resources but also fresh minds eager for collaboration.

Business Ideas

Healthcare

Canada’s healthcare workers are under a lot of stress, and this pressure won’t fade anytime soon. In the COVID-19 pandemic, there was a fear that Canada’s hospitals could collapse due to an unpredicted number of patients seeking treatment for Covid-19 at clinics or hospitals across our country.

The healthcare industry is going through a transformation and it’s up to you, an entrepreneur with innovative skills in your portfolio of work or personal life if this sector will survive. The government of Canada wants people who can bring new ideas for speeding medical services as well as making them efficient so they welcome anyone interested!

 

The healthcare sector has been significantly behind the times when it comes to technology adoption, but COVID-19 accelerated this change. Over the next few years, we’ll see rapid investment in new innovations that are sure to bring about progress for all stakeholders.

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Health Informatics

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BioTech

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Psychology or Mental Health

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Hospitality

The Canadian hospitality market was hit harder than most other commercial real estate asset classes during 2020. While the industry relies on business and leisure travel, conferences, or human interaction it is no surprise that they have been severely challenged by the COVID-19 pandemic.

Hoteliers should expect better times ahead as the industry has seen an uptick in vaccination efforts across America.

The future of travel will be different in 2022. The industry has been through disruption, but it’s not just slimmer – there are smarter and more innovative companies that have emerged from this difficult period to take on the world with their resilience as well cerebral approach towards business practices.

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Legal

Legal Tech Start-ups are making legal solutions accessible during COVID-19. They’re sharing resources, information, and access to their products or services so consumers can find the best protection for themselves during this pandemic!

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Media & Entertainment

Canada has one of the world’s most innovative, cost-effective, and talented creative industries ecosystems–and investors know it. From best-selling video games to Hollywood blockbusters Canada is undeniably diverse with an extensive portfolio that covers all areas.

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Real Estate

The cutting edge of Canadian technology is on full display when you visit this country. From start-ups to giants, there are countless opportunities for anyone with an innovative mind or business savvy!

Proptech is quickly becoming a driving force in Canada and its innovations are sure to have an impact on commercial real estate growth. The future of properties seems bright because governments across all borders want more from these companies than they do traditional firms.

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Sports

The Accelerating Growth of Media & Sports Startups program is Canada’s first-ever attempt at providing incentives for entrepreneurs who want to make it big in this industry.

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Transportation

Canada has the great fortune to be in an amazing geographical location. It is strategically positioned and specializes as a gateway between North America, Europe/Africa trade routes that will never go away no matter what happens with China’s influence on global politics or economics for decades into future centuries!

Business Ideas

  • Address

    i3 Capital Inc.
    25 Sheppard Ave W Suite 300,
    North York, ON M2N 6S6
    Canada
  • Email

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IMPORTANT: Please be warned that i3 capital inc. is not hiring. Read More

Business Ideas

  • Providing an IoT solution to track on-farm inventory using solar-powered sensors to transmit data to the cloud to provide on-farm insights for feed-mills and vertical integrators
  • Developing an integrated system including a handheld device & software for continuous and individual monitoring of livestock animals for early detection of illness
  • Developing connected solutions for making farms intelligent using sensors, data capture systems, cloud, and intelligent controllers

In the blockchain and crypto space, Canada is among the top five countries in the world that have exploited this field well. Despite the late adoption of blockchain technology and Ethereum protocol, cryptocurrency and blockchain experts strongly believe that Canada contains all the favorable resources for thriving as a blockchain and crypto hub.

Canada has low energy costs, a balanced regulatory approach, and super internet speed, which are essential ingredients for the prosperity of the blockchain industry. Since mining consumes a lot of power, making it a timely and expensive process, low energy rates in Canada ensure a favorable blockchain environment. So far, the country has embraced various critical use cases of blockchain technology in the fields of finance, legal sector, education, healthcare, government, space, and energy.

The blockchain industry continues to mature and has experienced more mainstream adoption in 2021.

Business Ideas

  • Providing trading experience to both retail and institutional investors
  • Building a digital asset marketplace platform to help companies: 1) raise capital by offering digital securities to all investors, and 2) permit those digital securities to be traded on the platform’s blockchain-powered exchange.
  • Providing blockchain, cybersecurity, and IT strategy consulting
  • Developing a consumer-focused flow blockchain product made for fun and games and supporting digital collectibles
  • Building a cross-chain communication tool developing interoperability software to connect blockchain ecosystems, applications, and user

Business Ideas

  • Developing real-time decision-support solutions for healthcare, providing 360-degree visibility of hospital operations, and giving front-line healthcare leaders this information allowing them to make proactive, real-time decisions related to hospital operations.

Ontario is home to a thriving biotechnology sector, with an abundance of top institutions, researchers, developers, and manufacturers. The province is a cornerstone in the research areas of cancer, neuroscience, stem cells, gene therapy, and clinical trials.

Business Ideas

  • Developing a platform dedicated to engineering cell therapies to help remedy several intractable diseases.
  • Developing breakthrough cancer immunotherapies by advancing two novel and complementary platforms, a vaccinia virus platform and a tumor-infiltrating lymphocyte (TIL) therapy platform, that drive innate and adaptive tumor immunity to provide benefit to the millions of cancer patients underserved by current treatment options.
  • Developing an automated production system for personalized, patient-scale cell therapies.

Business Ideas

  • Developing a platform, which invests in women-led and majority women-owned ventures that creates social impact through new models, new mind-sets
  • Providing an online laboratory enables individuals to create, crowdsource, and share psychological experiments.
  • Developing a platform providing education, clinical care, and clinical tools for the psychedelic medical sector.
  • Providing accessible, scientific, and confidential interactive therapy programs for depression online