Innovation hotline: Answering the tech sector’s burning questions

Solve for X: Innovations to Change the World

For many in Canada’s tech sector, 2024 was a challenging year. At times, it seemed as if the only constant — whether it was the economy, geopolitical relations or health of the planet — was uncertainty. To take stock of the past year and look ahead to 2025, we reached out to members in the innovation community to hear what’s on their minds. Can tech help fix Canada’s productivity crisis? What will it take to foster real change? In the first call-in episode of the MaRS podcast, Solve for X, MaRS CEO Alison Nankivell answers their questions and shares her perspective on what it will take for Canadian startups to scale, improve inclusion and prepare for a rapidly changing world.

Featured in this episode:

Alison Nankivell has spent more than 25 years moving Canada’s economic needle forward. Before being named CEO of MaRS in early 2024, Alison held pivotal roles at the Business Development Bank of Canada (BDC), the Ontario Teachers’ Pension Plan and Export Development Canada (EDC). At MaRS, she brings an experienced playbook to support startups working in climate, health and emerging technology.

Kris Bennatti is the CEO and co-founder of Hudson Labs, a Toronto-based startup that builds specialized financial software to help improve corporate accountability in capital markets.

Lise Birikundavyi is the co-founder and managing partner of BKR Capital, Canada’s first Black-led, institutionally-backed VC fund. Birikundavyi is a finance specialist who has worked with several international institutions, including the Jacobs Foundation where she managed its edtech impact investment strategy.

Corey Ellis is the co-founder and CEO of Growcer. The Ottawa-based startup develops commercial hydroponic systems that help communities grow indoor produce, year-round in any climate.

Charles Plant is a serial entrepreneur, innovation economist, fractional CFO and founder of The Narwhal Project, which helps tech startups raise capital and scale business.

Further reading:

• Welcome to the $100-million club
• Undervalued and ignored: Why young Canadian firms are looking to foreign investors and buyers
• Evolving ESG reporting regulations call for co-ordinated executive action in Canada
• DEI in Canadian workplaces is hitting a wall, subscriber survey shows
• North American outlook: Uncertain political environment adds to business, consumer fatigue
• Climate adaptation is as important as climate mitigation

Subscribe to Solve for X: Innovations to Change the World here. And below, find a transcript to “Innovation hotline: Answering the tech sector’s burning questions.” This interview was recorded October 17 in the MaRS Studio.

Solve for X is brought to you by MaRS, North America’s largest urban innovation hub and a registered charity. MaRS supports startups and accelerates the adoption of high-impact solutions to some of the world’s biggest challenges. For more information, visit marsdd.com.