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Table 5
External funding characteristics of innovative and non-innovative manufacturing plants, 2002 to 2004

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Characteristic Innovators Non-innovators
Plants that received external funding 44.5 31.6*
Plants that used conventional sources 90.4 93.5
Plants that used Canadian-based venture capital 9.7 3.8*
Plants that used American-based venture capital 2.4 0.5*
Plants that used venture capital from other countries 0.6 0.2
Plants that used angel investors/family capital 13.3 10.7
Plants that used private placement 9.5 5.1
Plants that used initial public offering 1.0 0.6
Plants that used secondary public offering 0.7 0.3
Plants that used collaborative arrangement and alliances 4.5 4.7
Plants that used other external funding sources 11.4 4.9*
* Difference is statistically significant (p < 0.05).
Data source: Statistics Canada, Survey of Innovation, 2005.
Table source: Statistics Canada, Innovation Analysis Bulletin, 2009, Catalogue no. 88-003-X, Vol. 11, no. 1.