{"id":226173,"date":"2025-10-20T05:40:33","date_gmt":"2025-10-20T05:40:33","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/226173\/"},"modified":"2025-10-20T05:40:33","modified_gmt":"2025-10-20T05:40:33","slug":"why-canada-doesnt-buy-canadian-tech","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/226173\/","title":{"rendered":"Why Canada doesn\u2019t buy Canadian tech"},"content":{"rendered":"

Source Canada’s Ray Luk thinks the \u201ccultural belief we\u2019re not good enough\u201d creates a homecourt disadvantage for Canadian tech.<\/p>\n

<\/p>\n

I\u2019m sure most Canadians have experienced it this year: you\u2019re at the grocery store checking labels, making sure your meat, vegetables, and ketchup chips all come from Canada.<\/p>\n

In 2025, \u2018buy Canadian\u2019 is a thing.<\/p>\n

\u201cIf you\u2019re a founder in Canada, you have a playbook, which is: try to get outside of the country as soon as possible. Try to sell outside of the country.\u201d<\/p>\n

Raymond Luk
Source Canada<\/p>\n

But in tech, the accepted truth is that Canadians are the worst customers. Across sectors, Canadian startups find themselves looking outside of the country not only for revenue, but also for the validation required to successfully sell back home. It\u2019s a pain point that even the most successful entrepreneurs in Canada<\/a> feel.<\/p>\n

Entrepreneur Raymond Luk is trying to change that, launching a new summit called Source Canada<\/a> so buyers and sellers can speed date. His hope is to combat the \u201ccultural belief\u201d that Canadian tech isn\u2019t good enough to buy early and often.<\/p>\n

But is a cultural kick in the pants enough to solve our nation\u2019s longstanding procurement woes<\/a>? As Luk notes in this episode of The BetaKit Podcast, procurement touches R&D, productivity, national sovereignty, and talent retention. Right now, \u201cambitious founders\u201d are fleeing the country at an alarming rate<\/a>. We won\u2019t have to worry about Canadian startups selling in Canada if there are no startups in Canada left to sell.<\/p>\n

Subscribe: Apple Podcasts<\/a>, Spotify<\/a>, YouTube<\/a>, Overcast<\/a>, Pocket Casts<\/a>, RSS<\/a> <\/p>\n

So, Canada doesn\u2019t buy Canadian tech. What are we going to do about it?<\/p>\n

Let\u2019s dig in.<\/p>\n

PRESENTED BY<\/p>\n

\"\"<\/a><\/p>\n

The BetaKit Podcast is presented by The Cyber Challenge<\/a>, powered by Rogers Cybersecure Catalyst and CCTX: Your pathway to new sales, industry connections, and non-dilutive funding.<\/p>\n

Ontario\u2019s critical sectors depend on operational technology systems that weren\u2019t designed for today\u2019s cyber threats. Unlike IT, operational technology environments demand specialized solutions\u2014and startups can lead the way. Join our free webinar on October 24 to learn about the risks critical sectors face, and how startups can seize this opportunity.<\/p>\n

When: Friday, October 24, 2025
Time: 12 \u2013 1 PM EST | Where: Virtual (Zoom) | Cost: Free<\/p>\n

Register today at thecyberchallenge.ca<\/a>.<\/p>\n

PRESENTED BY<\/p>\n

\"Xero<\/a><\/p>\n

The BetaKit Podcast is presented by Xero<\/a>: The global small businesses platform, designed to make life easier for small businesses\u2013anywhere, any time.<\/p>\n

Running a business is demanding enough without the burden of bookkeeping. Xero\u2019s global platform is designed to take accounting off your plate, giving you the freedom to focus on what you do best. By unifying essential tools like accounting, payroll, and payments, Xero helps you automate tasks and gain the clarity you need to make smarter decisions.<\/p>\n

Join a global community of forward-thinking businesses. Discover what Xero can do for you<\/a>.<\/p>\n

Recorded and edited at\u00a0Toronto Podcasts<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Source Canada’s Ray Luk thinks the \u201ccultural belief we\u2019re not good enough\u201d creates a homecourt disadvantage for Canadian…\n","protected":false},"author":2,"featured_media":226174,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[49,48,1048,44,905,50487,108244,108243,108245,3302],"class_list":["post-226173","post","type-post","status-publish","format-standard","has-post-thumbnail","category-canada","tag-ca","tag-canada","tag-events","tag-news","tag-ontario","tag-procurement","tag-raymond-luk","tag-source-canada","tag-the-betakit-podcast","tag-toronto"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/226173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=226173"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/226173\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/226174"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=226173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=226173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=226173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}