The Global Entrepreneurship Development Institute (GEDI) has released its 2015 Global Entrepreneurship Index (GEI) and Canada has received high marks for generating a business environment that is innovative, collaborative, culturally diverse, and one which has a highly skilled workforce in an accessible and vibrant market.

Canada is an innovation-driven nation

Canada is recognized as an innovation-driven nation from coast-to-coast, but this especially rings true in Ontario where innovation is the true fabric of business. Ontario is home to two of the largest start-up ecosystems in the world: the Greater Toronto Area and Waterloo. Both provide clusters of similar or complementary organizations which offer tremendous advantages to innovative, early-stage businesses.

Ontario contributes to Canada's culturally diverse and skilled workforce

Canada ranks first overall in the category of “entrepreneurial abilities,” reflecting Ontario's highly skilled, talented and culturally diverse workforce that supports innovation in a variety of energetic industries, including: information technology, automotive, mining, life sciences and aerospace. In fact, Ontario leads the entire G7 with 66% of its citizens having received post-graduate education. Furthermore, every year 35,000 science, technology, engineering, and math majors graduate from the 44 universities and colleges located in Ontario. With nearly half of Canada's immigrants choosing Ontario each year, the province will continue its role in developing the nation's rich culture of talent and diversity.

According to GEDI: Canada is where entrepreneurship thrives

GEDI credits Canadian business leaders, entrepreneurs and the workforce for being highly educated, healthy, and forward thinking as it's been a positive benefit for business growth. Canada is a leader when it comes to supporting cultural diversity, internationalization, product and process innovation, high-tech growth, and risk capital. But when these strengths are combined with the country's existing access to a variety of global markets via the North American Free Trade Agreement (NAFTA), and other recent free trade arrangements, it becomes clear why Canada's entrepreneurial ecosystem has become a catalyst for innovation.

GEDI links entrepreneurship, economic development and prosperity

GEDI is a widely known non-profit organization that advances research on links between entrepreneurship, economic development and prosperity. The GEI is the flagship project of the Institute which measures the quality and dynamics – nationally and regionally – of entrepreneurship ecosystems in 130 countries around the world. The annual index is closely followed by leading media outlets including The Economist, The Wall Street Journal, Financial Times and Forbes as well as respected peer-reviewed academic journals.

Access the full report: GEDI 2015

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