Identifying the Challenges Faced by Newcomer Entrepreneurs Trying to Launch a Tech Startup in Canada

<p>The government of Canada has made significant efforts to position the country at the forefront of quantum technologies. Canada sees the launch of hundreds of new digital startups every month, but few resources are available to help recent international graduates or students launch their own companies in the country. Understanding the causes of tech company failures is useful for policymakers, investors, and corporations. This study investigated the challenges tech companies faced when entering the Toronto market. The study relied on secondary sources such as scholarly journals, conference proceedings, and published books. The study used a cross-case synthesis approach and a case study strategy to analyze the data. Using a multi-step process proposed by Lofgren (2013), the researcher analyzed the data to extract universal themes about the challenges faced by tech companies in Toronto's developing commercial sector. Even though Canada is growing rapidly, its digital companies suffer from a lack of funding. The Greater Toronto area's IT sector is hampered by a lack of government backing and limited training options. Those who are just starting have a better chance of success if they take advantage of networking and word-of-mouth events. This paves the way for researchers to examine what they can do next to address these difficulties and ease the journey of newcomer startup founders.</p>