Canada has long been a breeding ground for innovation, creativity, and business acumen. In 2024, a new wave of entrepreneurs is pushing boundaries, creating transformative solutions, and inspiring others to dream bigger. From tech innovators to social impact champions, these Canadian entrepreneurs embody resilience, vision, and a deep commitment to their craft. Here’s a closer look at some of the most inspiring entrepreneurs making waves in Canada this year.
1. Tobias Lütke – CEO and Founder of Shopify
Industry: E-commerce Technology
Success: Tobias Lütke is the mind behind Shopify, a platform that has redefined e-commerce for small and medium-sized businesses globally. Headquartered in Ottawa, Shopify now powers over 1.7 million businesses worldwide, enabling entrepreneurs to sell online with ease.
Why He Inspires: Tobias exemplifies the power of empowering others. His vision to simplify online selling has democratized e-commerce, making it accessible to anyone with a dream and determination.
2. Michele Romanow – Co-Founder and CEO of Clearco
Industry: Fintech
Success: Michele Romanow has revolutionized how startups access capital. Clearco (formerly Clearbanc) provides revenue-based financing to businesses, bypassing traditional equity dilution models. Under her leadership, Clearco has invested billions in over 7,000 businesses globally.
Why She Inspires: A serial entrepreneur, Michele’s ability to innovate in diverse industries—from e-commerce to venture capital—makes her one of Canada’s most dynamic leaders.
3. Ryan Reynolds – Co-Founder of Maximum Effort and Mint Mobile
Industry: Entertainment and Advertising
Success: While known worldwide as a Hollywood star, Ryan Reynolds has proven his business chops with Maximum Effort, a production company that crafts viral campaigns, and Mint Mobile, a disruptive low-cost telecom company acquired by T-Mobile.
Why He Inspires: Ryan’s wit, creativity, and ability to merge storytelling with marketing set him apart as a modern-day Renaissance entrepreneur. His ventures reflect his personality—bold, innovative, and authentic.
4. Tareq Hadhad – Founder of Peace by Chocolate
Industry: Social Enterprise, Food
Success: A Syrian refugee who rebuilt his family’s chocolate business in Nova Scotia, Tareq Hadhad’s Peace by Chocolate has become a symbol of resilience and entrepreneurship. The company’s profits support refugees and humanitarian causes worldwide.
Why He Inspires: Tareq’s story is a testament to turning adversity into opportunity, creating a business that not only thrives but also uplifts others.
5. Joanna Griffiths – Founder and CEO of Knix
Industry: Apparel and Femtech
Success: Joanna Griffiths disrupted the intimate apparel industry with Knix, a line of innovative, body-positive, leakproof underwear. Knix has become a global brand with over $100 million in annual sales.
Why She Inspires: Joanna’s commitment to inclusivity and breaking taboos around women’s health demonstrates the impact of building a purpose-driven brand.
6. Braden Halliday – Founder of Flume Water
Industry: Environmental Tech
Success: Braden’s Flume Water empowers homeowners to monitor water usage in real time, promoting conservation and reducing utility bills. With sustainability at its core, Flume Water has partnered with cities across Canada and the U.S.
Why He Inspires: Braden’s focus on sustainability and smart home innovation highlights the importance of creating businesses that tackle environmental challenges.
7. Devon Brooks – Founder of Sphere
Industry: Coaching and Personal Development
Success: Sphere, founded by Devon Brooks, connects individuals with certified coaches to enhance their personal and professional lives. Brooks is also known as the co-founder of Blo Blow Dry Bar, a global franchise that redefined salon experiences.
Why She Inspires: Devon’s dedication to empowering others, both as an entrepreneur and as a leader, makes her a force for positive change.
8. Allen Lau – Co-Founder of Wattpad
Industry: Digital Media and Publishing
Success: Allen Lau co-created Wattpad, the world’s largest storytelling platform. Acquired by Naver in 2021 for $600 million, Wattpad has transformed how stories are shared and consumed, connecting writers and readers globally.
Why He Inspires: Allen’s vision has provided a voice to millions of aspiring writers, proving that technology can democratize creativity.
9. Alicia Soulliere – Founder of Lemons.AI
Industry: Artificial Intelligence
Success: Alicia Soulliere’s Lemons.AI is at the forefront of integrating AI into customer service, helping businesses streamline operations and enhance user experiences.
Why She Inspires: Alicia’s ability to harness cutting-edge technology for practical applications demonstrates the power of innovation in improving everyday business processes.
10. Dan Breznitz – Co-Director of Innovation Policy Lab, University of Toronto
Industry: Innovation Policy
Success: Dan Breznitz focuses on fostering innovation ecosystems in Canada, advising governments and private organizations. His book, Innovation in Real Places, is a critical resource for policymakers.
Why He Inspires: Dan’s work bridges academia, entrepreneurship, and public policy, proving that impactful innovation extends beyond the private sector.
11. Mallorie Brodie – Co-Founder and CEO of Bridgit
Industry: Construction Technology
Success: Bridgit simplifies workforce management for the construction industry, helping project managers allocate resources efficiently. Mallorie’s leadership has made Bridgit a top choice for construction firms across North America.
Why She Inspires: As a woman leading in a male-dominated industry, Mallorie exemplifies perseverance and innovation.
12. Mohamed Fakih – CEO of Paramount Fine Foods
Industry: Hospitality
Success: Mohamed Fakih turned a single Lebanese restaurant into a global halal food empire. Paramount Fine Foods now operates over 70 locations worldwide.
Why He Inspires: Beyond business, Fakih is a philanthropist, using his platform to champion causes like refugee resettlement and food security.
13. Michael Katchen – Co-Founder and CEO of Wealthsimple
Industry: Fintech
Success: Michael Katchen’s Wealthsimple has democratized investing, offering easy-to-use platforms for saving, trading, and retirement planning. With a valuation over $5 billion, Wealthsimple has redefined Canada’s financial landscape.
Why He Inspires: Michael’s mission to make investing accessible resonates with younger generations, proving that finance doesn’t have to be intimidating.
14. Nicole Verkindt – Founder of OMX (Offset Market Exchange)
Industry: Supply Chain Tech
Success: Nicole Verkindt’s OMX helps businesses manage procurement and compliance in defense and aerospace. A vocal advocate for innovation, she’s frequently featured on Dragon’s Den as a guest judge.
Why She Inspires: Nicole’s leadership shows the power of tech in streamlining industries traditionally resistant to change.
15. Ryan Holmes – Founder of Hootsuite
Industry: Social Media Management
Success: Ryan Holmes built Hootsuite into the leading platform for managing social media campaigns, used by businesses worldwide. Despite stepping down as CEO, his influence on the social media marketing space remains strong.
Why He Inspires: Ryan’s ability to anticipate trends and create solutions that scale globally sets him apart.
16. Bruce Poon Tip – Founder of G Adventures
Industry: Travel and Tourism
Success: G Adventures promotes sustainable and community-based travel experiences. Bruce’s leadership has transformed tourism into a force for good, focusing on environmental and cultural preservation.
Why He Inspires: Bruce’s dedication to ethical tourism proves that business success and social responsibility can go hand in hand.
17. Laura Dickinson – Founder of PolyGone Technologies
Industry: Environmental Science
Success: PolyGone specializes in detecting and removing microplastics from water systems. Laura’s groundbreaking work addresses one of the most pressing environmental challenges of our time.
Why She Inspires: Laura combines scientific rigor with entrepreneurial spirit, proving that science-driven businesses can make a significant impact.
18. Tarek Riman – Founder of Riman Agency and Montrealtips.com
Industry: Digital Marketing and Philanthropy
Success: Tarek Riman has worked with over 350 agencies and Fortune 500 companies, helping them optimize their digital marketing strategies. His philanthropic initiative, Montrealtips.com, directs proceeds to charities like the UN Refugee Agency.
Why He Inspires: Tarek’s blend of entrepreneurial success and commitment to giving back makes him a role model for socially-conscious entrepreneurs.
19. Eva Wong – Co-Founder and COO of Borrowell
Industry: Fintech
Success: Borrowell provides Canadians with free credit scores and tools to improve financial health. Eva Wong’s leadership has made financial literacy more accessible to millions.
Why She Inspires: Eva’s commitment to consumer empowerment reflects the importance of transparency and trust in business.
20. Amar Singh – Founder of Courage Dough
Industry: Food and Social Enterprise
Success: Amar Singh built Courage Dough, a cookie dough business that donates 100% of its profits to mental health initiatives.
Why He Inspires: Amar’s dedication to supporting mental health through entrepreneurship is both noble and impactful.
FAQs About the Best Entrepreneurs in Canada for 2024
1. What industries are represented by Canada’s top entrepreneurs?
The list of top entrepreneurs spans a wide range of industries, including technology, fintech, social enterprise, hospitality, e-commerce, environmental science, and personal development. This diversity highlights Canada’s strength as a hub for innovation and business.
2. How were these entrepreneurs selected?
The entrepreneurs were chosen based on their impact in their respective industries, the success of their ventures, their ability to inspire others, and their contributions to society. Factors like revenue growth, innovation, social impact, and leadership were considered.
3. Are there any Canadian entrepreneurs focused on social impact?
Yes, several entrepreneurs on the list, such as Tareq Hadhad (Peace by Chocolate) and Amar Singh (Courage Dough), have built businesses centered on social impact. They focus on causes like refugee support, mental health, and sustainability while achieving business success.
4. Who is an example of a Canadian entrepreneur excelling in technology?
Tobias Lütke, the CEO of Shopify, is a prime example. He has revolutionized the e-commerce industry by creating a platform that enables businesses of all sizes to sell online easily and effectively.
5. Are there any female entrepreneurs on the list?
Yes, women like Michele Romanow (Clearco), Joanna Griffiths (Knix), and Laura Dickinson (PolyGone Technologies) are among the top entrepreneurs in Canada. They lead transformative businesses while breaking barriers in their industries.
6. Which entrepreneur is focused on sustainability and environmental challenges?
Laura Dickinson, the founder of PolyGone Technologies, stands out for her work in removing microplastics from water systems, addressing a critical global issue.
7. What makes these entrepreneurs inspirational?
They are inspirational not only for their business achievements but also for their resilience, creativity, and commitment to making a positive impact. Many of them have overcome challenges, created groundbreaking innovations, and contributed to social causes.
8. Are any of these entrepreneurs involved in philanthropy?
Yes, entrepreneurs like Tarek Riman (Riman Agency) and Bruce Poon Tip (G Adventures) integrate philanthropy into their business models. Their initiatives support charitable causes, community development, and environmental sustainability.
9. How can I follow the work of these entrepreneurs?
You can follow their companies’ websites, social media accounts, or personal LinkedIn profiles for updates. Many of them are also featured in industry interviews, podcasts, and conferences.
10. What lessons can aspiring entrepreneurs learn from them?
These entrepreneurs teach invaluable lessons about perseverance, the importance of solving real-world problems, and the need to focus on customer-centric innovation. Their stories also emphasize the value of giving back to society.