Monthly Communication Report

Organization:	National Angel Capital Organization
Associated registration:	947208-383972-3
Communication date:	2026-01-27
Posted date:	2026-03-16

Designated Public Office Holders who participated in the communication:	Simran Arulraj, Policy Advisor Innovation, Science and Economic Development Canada (ISED) David MacFarlane, Director of Policy Innovation, Science and Economic Development Canada (ISED)
List of Details Subject matter Detail Economic Development, Industry NACO engages on industry-related policies and regulatory frameworks that affect angel investing and the availability of early-stage risk capital in Canada. A stable and competitive investment environment that recognizes the risks associated with early-stage investment is important to support entrepreneurship, innovation, and the formation of high-growth companies across sectors and regions. NACO's activities focus on strengthening the conditions under which early-stage companies can access capital in challenging market environments, including periods of tighter credit, heightened competition for capital, and economic uncertainty. By supporting the development of effective policy and program frameworks, including Canada's venture capital strategy and supports for emerging fund managers, NACO contributes to a more resilient early-stage innovation ecosystem and improved pathways for companies to progress from startup through early growth. NACO also engages on initiatives intended to mobilize private capital alongside public resources, including public-private co-investment and capital-matching approaches relevant to angel and early-stage investors. Through these activities, NACO shares perspectives informed by its experience supporting angel investors, angel networks, and early-stage entrepreneurs, including on the importance of capital availability for emerging companies and underserved segments of the innovation economy.
Communication Report amended on:	2026-03-16 previous entry: 383972-673625
Reason for amendment:	Adding additional information to our subject matter details under Economic Development, Industry, specifically: "including Canada's venture capital strategy and supports for emerging fund managers,"
Responsible Officer who filed this communication report:	Claudio Rojas
As the most senior paid officer, the person named above is responsible for certifying the communication report for the corporation or organization (Registrant). This person may or may not have participated in the reported communication. The Lobbyists Registration Regulations do not require that the names of in-house lobbyists (i.e. employees of corporations or organizations) who actually participated in the communication be disclosed.