Education

Cornell Law School
JD

Cornell University
AB

Admissions

Massachusetts

Publications & Events

Stephen Hurwitz on Canada's VC Action Plan in peHUB

Stephen Hurwitz on Canada’s VC Funding Shortage

Steve Hurwitz Speaks on Funding for Canadian Entrepreneurs

Choate Sponsors Canadian Venture Capital Conference

Stephen Hurwitz on VC Opportunities in Canada in Venture Capital Journal

Stephen Hurwitz Quoted on Canada’s $400 Million VC Plan

Stephen Hurwitz Served as Co-Keynote Speaker for Canadian Cancer Research Expo

Choate Sponsors BioFinance 2012

Stephen Hurwitz Quoted on the Canadian VC Rush in Techvibes

Stephen Hurwitz on Revitalizing Canadian VC Investment in Private Capital Magazine and the Ottawa Business Journal

Stephen Hurwitz Quoted in Major Canadian Publications

Stephen Hurwitz Writes Influential White Paper on Canada’s Commercialization Challenge

Choate Sponsors BioFinance 2011

Choate Sponsors Prominent Canadian Venture Capital Event

Choate Sponsors Global Biopharmaceutical Symposium

Choate Sponsors Ontario's Premier Risk Capital Event

Stephen A. Hurwitz on Funds of Funds Organized in Canada

Stephen Hurwitz on Canadian Tech Fundraising

Choate Sponsors Major Canadian VC Event

Stephen A. Hurwitz on Canada's Sweeping New Tax Legislation

Stephen Hurwitz on Proposed Canadaian Tax Legislation

Stephen A. Hurwitz on Canada's Proposed Legislation to Eliminate Section 116 Tax Clearance Requirements

Stephen Hurwitz Meets with International Entrepreneurs in Quebec

Stephen Hurwitz Offers Advice for Quebec Companies Looking to Raise Money in the US

Stephen Hurwitz Speaks on Cross-Border Webinar

Stephen Hurwitz Interviewed by Business News Network Television

Brian Lenihan and Stephen Hurwitz on US-Canadian Dealmaking

Stephen Hurwitz Earns Mention in The Montreal Gazette

Stephen Hurwitz Speaks at Exclusive International Cross-Border Event for Venture Capital

Choate Sponsors International Biopharmaceutical Symposium

Choate Sponsors Ottawa’s Premier Risk Capital Event

Stephen Hurwitz and Brenda Jarrell Published in Mass High Tech

Choate Sponsors Key Canadian Venture Capital Event

Steve Hurwitz Published in BIO News

Stephen Hurwitz Published in Financial Post

Choate Sponsors Leading Canadian Life Sciences and Clean-Tech Investor Conference

Choate Sponsors 2009 Private Equity Event at MIT

Stephen Hurwitz Speaks to CEOs of Quebec Technology Companies

Stephen Hurwitz Published in Venture Capital Journal

Choate Sponsors Premier Canadian Risk Capital Event

Choate Sponsors Canadian Biopharmaceutical Partnership Symposium

Choate Sponsors Key Canadian Venture Capital Event

Choate Sponsors Event Showcasing Canada’s Hottest Tech Companies

Choate Sponsors Key Canadian Life Sciences Event

Stephen Hurwitz Speaks on Investing in Canadian Companies

Stephen Hurwitz Article Featured in the Venture Capital Journal

Stephen Hurwitz Quoted in Wall Street Journal

Stephen Hurwitz and Louis Marett Published by CD Howe Institute

Stephen Hurwitz Quoted in Mass High Tech

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    Stephen Hurwitz
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    Spotlight - Hurwitz White Paper - Canada’s Commercialization Challenge
    Partner

    Stephen Hurwitz authored the influential white paper Beyond R&D: Canada’s Commercialization Challenge and How to Meet It, which drew significant attention from Canadian media and key dealmakers upon its release at the end of 2011.  Read more…

Stephen A. Hurwitz

Senior Counsel

t 617-248-5088   f 617-248-4000

Steve Hurwitz concentrates in business, corporate and securities law and Canada-US cross-border transactions.  Prior to joining Choate, he was co-founder and chairman of Testa, Hurwitz & Thibeault, LLP.  He has served as speaker/panelist at many of the major Canadian technology, life sciences and venture capital conferences, and his articles on the Canadian venture capital ecosystem have appeared in numerous publications.

Publications and Presentations

  • Publications in which Mr. Hurwitz has been quoted in recent past on Canada-US cross-border issues: Wall Street Journal, Dow Jones Venture Wire, Globe and Mail, National Post, Ottawa Citizen, Montreal Gazette, Vancouver Sun and Halifax Chronicle.
  • “Trouble Ahead for Canada’s VC Action Plan?” author, peHUB Canada, 2014.
  • “Government Equity Financing Programs to Support the Venture Capital Ecosystem,” panel moderator, Public Policy Forum of Québec City Conference, Québec City, 2013.
  • “Canada’s Commercialization Crisis and the Federal Government’s 2013 Solution:  Lessons from Israel,” speaker, The Conference Board of  Canada – Council for Innovation and Commercialization, Cambridge, 2013.
  • “Canadian and Israeli Government Interventions in Their Venture Capital Industries:  Models for Other Countries?,” speaker, International Bar Association Annual Conference, Boston, 2013.
  • “Role of Venture Capital in Globalizing Silicon Valley’s Start-Up Model,” panelist, International Bar Association Annual Conference, Boston, 2013.
  • “Addressing Canada’s Commercialization Crisis and Shortage of Venture Capital:  Will the Federal Government’s Solution Work?,” author, Technology Innovation Management Review, 2013.
  • “Canadian Entrepreneurs in New England,” panelist, Atlantic Venture Forum, Halifax, 2013.
  • “The Road to ‘Smart Money’: Practical Advice for Canadian Entrepreneurs Seeking Funding for Their Start-Up,” panel moderator, MaRS Discovery District, Toronto, 2013.
  • “The Life Sciences Industry: Investing in the Perfect Hedge,” panel moderator, Canadian Venture Capital & Private Equity Association Conference, Banff, 2013.
  • “Beyond R&D: Canada’s Commercialization Crisis and How to Meet It – Lessons From Israel,” speaker, Nova Scotia Innovation Summit, Halifax, 2013.
  • “New VC Opportunities for U.S. GPs and LPs in Canada?,” author, Venture Capital Journal, 2013.
  • “The GP/LP Partnership: A Survival Guide,” panel moderator, Réseau Capital Annual Convention, Montreal, 2013.
  • “Exits – One Year Later: The New US Jobs Act,” panel moderator, Public Policy Forum of Québec City Conference, Québec City, 2012.
  • “Beyond R&D: Canada’s Commercialization Crisis and How to Meet It,” keynote speaker, Technology Expo of Ontario Institute for Cancer Research, Toronto, 2012.
  • “Raising US Venture Capital in 2012,” panel moderator, BioFinance, Toronto, 2012.
  • “Is Canada Sexy Now?,” panel moderator, Canadian Venture Capital & Private Equity Association Conference, Montreal, 2012.
  • “Jump-starting Canada’s VC Industry,” author, Private Capital Magazine, 2012.
  • “How the Feds Can Spur Tech Commercialization,” author, Ottawa Business Journal, 2012.
  • “The Future of Startup Financing: A North American TeleForum on Crowdfunding,” presenter, Canadian Advanced Technology Alliance, Ottawa, 2012.
  • “Exits: Decline in IPO Markets – Causes, Solutions, New Public Policies,” panel moderator, Public Policy Forum of Québec City Conference, Québec City, 2011.
  • “Success in the States: A Guide for Foreign Companies to the Largest Venture Capital Pool in the World,” panel moderator, BIO 2011, Washington DC, June 2011.
  • “Exits & Other Opportunities in 2011 & 2012,” panel moderator, BioFinance, Toronto,2011.
  • “Importing Capital – Foreign LPs in Canadian Funds,” panel moderator, Canadian Venture Capital & Private Equity Association Conference, Vancouver, 2011.
  • “Investing in Canada,” keynote speaker, Venture North, New York City, 2011.
  • “Cross-Border Investing, Capital Sourcing and Deal Syndication Partnering with Canadian VCs and Investors," speaker, CIX (Canadian Innovation Exchange), Toronto, 2010.
  • “Government Interventions in the Venture Capital Industry,” speaker, Québec City Conference, Québec City, 2010.
  • “Which Public Policies to Support the Industry in a Period of Transition,” panel moderator, Public Policy Forum of Québec City Conference, Québec City, 2010.
  • “Getting Funded: Canadian Success Stories,” panel moderator, BioContact, Québec City, 2010.
  • “Running on Empty: Accessing Capital from Alternate Sources,” panelist, Industry Canada Panel, BioContact, Québec City, 2010.
  • “The Right Investor: VC or Strategic,” panel moderator, Ontario Venture Summit, Ottawa, 2010.
  • “Funds Brighten Future of Canadian Innovation,” author, The Toronto Star, 2010.
  • “US Money for Life Sciences,” panel moderator, BioFinance, Toronto, 2010.
  • "Canada Knocks Down Barriers to US VCs," author, Venture Capital Journal, 2010.
  • “Venture Capital Finally Gets a Break," author, Financial Post, 2010.
  • "The Canadian Government’s Section 116 Reform," interview, BNN (Business News Network), Toronto, 2010.
  • “Canadian Funds Offer New VC Model,” author, Venture Capital Journal, 2009.
  • “US Venture Capital Investing in Canada: Section 116 Clearance Certificate Barrier,” co-presenter, Teleforum of CATA (Canadian Advanced Technology Alliance), Ottawa, 2009. 
  • "Opening Canadian Borders to Foreign Venture Capital," interview, BNN (Business News Network), Toronto, 2009.
  • “The Ontario and Québec Funds of Funds: A New Model for the Venture Capital Industry,” speaker, The Québec City Conference, 2009.
  • “How to Get Money When There Isn’t Any: A Focus on US Sources,” panel moderator, BioContact, Québec City, 2009.
  • “Not Just About the Money: Partnering with Investors to Add Value,” panel moderator, Ottawa Venture & Technology Summit, Ottawa, 2009.
  • “Cross-Border Investing, Capital Sourcing and Deal Syndication,” panelist, Can/Am Exchange, Boston, 2009.
  •  “Securing Life Sciences Investment in Difficult Times,” co-author, Mass High Tech: Journal of New England Technology, 2009.
  • “Asset Allocation – Role of Private Markets Debate,” panel moderator, Canadian Venture Capital & Private Equity Association Conference, Calgary, 2009.
  • “Raising Venture Capital in the US:  A Practical Road Map for Foreign Companies to the World’s Largest Capital Pool,” panel moderator, BIO 2009, Atlanta, 2009.
  • “Misadventure Capitalism,” author, Financial Post, 2009.
  • “US Venture Capital for Canadian Companies,” panel moderator, BioFinance, Toronto, 2009.
  • “Québec Inc.: Getting Prepared for the New Ordeal,” panelist, Québec Techno, Montreal, 2009.
  • “Challenges and Opportunities in Seeking Funding from US VCs:  Ten Practical Tips,” speaker, Québec Techno, Montreal, 2009.
  • “Finding Opportunity in Economic Turmoil,” author, Venture Capital Journal, 2009.
  • “Venture Capital Global Markets: Can Copy & Paste Investing Decrease Risks Outside Traditional Markets?,” panelist, MIT Venture Capital Conference, Cambridge, 2008.
  • “The Economic Downtown:  Challenges and Opportunities for Venture Capitalists,” speaker, North American Venture Capital Summit, Québec City, 2008.
  • “The Current State of Canadian Venture Capital,” panel moderator, Ottawa Venture & Technology Summit, Ottawa, 2008.
  • “Crystal Ball on Canadian Venture Capital,” panel moderator, Ottawa Venture & Technology Summit, Ottawa, 2008.
  • “How to Make Yourself Look Good:  Planning Successful Due Diligence in Seeking Venture Capital,” panel moderator, BioContact, Québec City, 2008.
  • “Cross-Border Financing,” panelist, BioContact, Québec City, 2008.
  • Business Development Bank of Canada – Venture Capital Roundtable, Ottawa, 2008.
  • “The Best Kept Secret in North America,” keynote speaker, National Optics Institute, Québec City, 2008. 
  • “Challenges and Opportunities in Seeking Funding from US VCs:  Ten Practical Tips,” speaker, Montreal InVivo, Montreal, 2008.
  • “The Crisis in Canadian Venture Capital:  Its Effect on Québec,” speaker, Institute of Great Leaders, Boston, 2008. 
  • “Follow-On Financings – Opportunities and Pitfalls,” panel moderator, Canadian Venture Capital & Private Equity Association Conference, Montreal, 2008.
  • “Raising Venture Capital in the US in 2008:  Opportunities and Challenges,” panel moderator, Canadian Innovation Exchange, Toronto, 2008.
  • “Seeking Capital in the US:  Venture Capitalists or Strategic Investors – Which to Choose?,” panel moderator, BioMedex, Montreal, 2008.
  • “Opportunities and Landmines of Investing in and Acquiring Businesses in Canada,” panel moderator, Association for Corporate Growth, Newton, MA, 2008.
  • “Future of Venture Capital in Québec City,” interview, Canadian Broadcasting Corporation, Québec City, 2008.
  • “Future Venture Capital Financing of Emerging Companies in Québec City,” speaker, Scientific Delegation and Mayor from Québec City, Boston, 2008.
  • “Our New Borderless Venture Capital World,” speaker, North American Venture Capital Summit, Québec City, 2007.
  • “Planning for a Successful Liquidity Event in the US,” panel moderator, BioContact, Québec City, 2007.
  • “Growing a Company into a Liquidity Event,” panel moderator, Ottawa Venture and Technology Summit, 2007.
  • “Canadian Regulations Affecting Cross-Border Investments into Canada,” interview, OCRIRadio.com, Ottawa, 2007.
  • “How to Navigate Canada’s Byzantine Tax Rules,” author, Venture Capital Journal, 2007.
  • “Venture Capital and Private Equity Fundraising in 2007: Opportunities and Challenges," panel moderator, Canadian Venture Capital & Private Equity Association Conference, Halifax, 2007.
  • “Partnering With Big Pharma: 2007 Global Perspective,” panel moderator, BioMedex, Montreal, 2007.
  • “A Fireside Chat,” interviewed Dr. Paul Kedrosky, Executive Director,
    William J. von Liebig Center, on “Future of Tech Investing,”
    Canadian Venture Forum, Toronto, 2007.
  • “Open Border to Venture Capital,” co-author, National Post, 2007.
  • “Financing Canadian Innovation: Why Canada Should End Roadblocks to Foreign Private Equity,” co-author, C.D. Howe Institute, Toronto, 2007.
  • “When Canadian Life Sciences Companies Come to US,” speaker, Gathering of Winners of “Top 10” Award, Waltham, MA, 2007.
  • “Globalization and Exit Strategies in the Venture Capital Industry,”
    panel moderator, North American Venture Capital Summit, Québec City, 2006.
  • “Which to Choose and Why: Nasdaq, Toronto Stock Exchange and AIM,” panel moderator, North American Venture Capital Summit, Québec City, 2006.
  • “Historical Update and Purpose of North American Venture Capital Summit,” speaker, North American Venture Capital Summit, Québec City, 2006.
  • “Is it Time for a North American Investment Zone,” speaker, BioNorth 2006, Ottawa, 2006.
  • “Canada's Financing Challenge,” speaker, roundtable at Ottawa Venture and Technology Summit, Ottawa, 2006.
  • “Capital Markets Showdown – Which Global Exchange is Right for You,” panel moderator, Ottawa Venture and Technology Summit, Ottawa, 2006.
  • “Practical Tips for Initiating Strategic Partnerships in the US,”
    panel moderator, BioContact, Québec City, 2006.
  • “Issues Affecting Canadian Venture Capital Industry,” interview, CFRA Radio, Ottawa, 2006.
  • “Challenges and Opportunities in Seeking Funding from US Venture Capitalists: Ten Practical Tips,” speaker, Investment Forum on Marine Technology – Oceans '06 Conference, Boston, 2006.
  • “Limited Partners Perspectives on Venture Capital and Private Equity,” panel moderator, Canadian Venture Capital & Private Equity Association Conference, Vancouver, 2006.
  • “Under Your Very Nose: US Venture Capitalists with Offices in Montreal,” panel moderator, BioMedex, Montreal, 2006.
  • “Meet the Investors,” panel moderator, Canadian Venture Forum, Toronto, 2006.
  • “Challenges and Opportunities in Seeking Funding from US Venture Capitalists:  Ten Practical Tips,” speaker, Art of the Start, Montreal, 2006.
  • “The Promise and Perils of Seeking Funding from US Venture Capitalists,” speaker, Symposium for Canadian Companies from Maritime Provinces, Canadian Consulate General’s Office, Boston, 2006.
  • “Cross-Border Investment and Technology Issues,” panel moderator,
    Canadian Venture Capital Forum,
    Boston, 2006.
  • “Cross-Border Investment and Technology Issues,” panel moderator,
    Canadian Venture Capital Forum
    , New York, 2006.
  • “History and Purposes of North American Venture Capital Summit,” speaker, North American Venture Capital Summit, Québec City, 2005.
  • “Cross-Border Venture Capital Fundraising,” panel moderator,
    North American Venture Capital Summit,
    Québec City, 2005.
  • “Program for Cross-Border Fundraising,” round table moderator,
    North American Venture Capital Summit,
    Québec City, 2005.
  • “Practical Tips on How to Succeed in Obtaining Funding from US and Canadian Venture Capitalists and Pharma,” panel moderator, BioContact, Québec City, 2005.
  • “Investing in Emerging Canadian Companies in 2006: Perspectives of US and Canadian Venture Capitalists,” panel moderator, Ottawa Venture and Technology Summit, Ottawa, 2005.
  • “Practical Tips for Obtaining Funding from Canadian and US Venture Capitalists,” panel moderator, BioMedex, Montreal, 2005.
  • “Cross-Border Venture Capital Investment Issues,” panel moderator, Canadian Venture Forum, Toronto, 2005.
  •  “When Canadian Companies do Business in the US,” speaker, Symposium for Canadian Companies from Maritime Provinces, Canadian Consulate General’s Office, Boston, 2005.
  • “Future of Venture Capital in Canada and Québec,” speaker, North American Venture Capital Summit, Québec City, 2004.
  • “Cross-Border Issues in Seeking Venture Capital Funding,” panel moderator, North American Venture Capital Summit, Québec City, 2004.
  • “Proposed Structural Changes in Venture Capital Industry in Québec,” speaker, Convokation of Québec Venture Capital Leaders, Québec City, 2003.
  • “Cross-Border Venture Capital in Province of Québec,” speaker, Defi Québec Technologique, Québec City, 2003.
  • “Key US – Canada Cross-Border Issues for Québec,” moderator, Symposium of US and Québec Province Venture Capital Leaders, Defi Québec Technologique, Québec City, 2003.

Recent Canadian Involvements

  • “The Canadian Government’s $400 Million Venture Capital Plan: A Promising Roadmap for Building an Innovation Nation,” author, 2012.
  • “Beyond R&D: Canada’s Commercialization Challenge and How to Meet It,” author, 2011.
  • “Canada’s Commercialization Challenge,” presenter, Public Policy Forum Leading Innovation Early-Stage Risk Capital Roundtable, Toronto, 2011.
  • Appearance before Jenkins Panel of Canadian Government for Review of Federal Support for Research and Development, New York, 2011.
  • Business Development Bank of Canada - Venture Capital Strategic Review, advisor, 2010.
  • Appearance before Canadian Standing Senate Committee on National Finance, concerning Bill C-9, Ottawa, 2010.
  • Québec City Conference, chair (honorary), 2009, 2010, 2011, 2012.
  • “Reforming Section 116: Key to Opening Canadian Borders to Foreign Venture Capital,” author, 2009.
  • Advisory Board of CIX (Canadian Innovation Exchange), Toronto,
    2009 – .
  • Montreal InVivo Financing Committee, 2007, 2008.
  • North American Venture Capital Summit, chair, Québec City, 2006,
    2007, 2008.
  • “Proposal for a North American Free Investment Area,” author, 2006.
  • Tax Policy Committee of Canadian Venture Capital & Private Equity Association, 2006 – .
  • “The Activity of American Venture Capital Funds in the Ontario Market:
    Issues, Trends and Prospects,” advisor, Thomson Macdonald Report for the Institute for Competitiveness and Prosperity, 2005.
  • “The Activity of American Venture Capital Funds in the Québec Market:
    Issues, Trends and Prospects,” advisor, Thomson Macdonald Report to Ministere du Dévelopement économique de l’ Innovation et de l’Exportation (MDEIE), Gouvernement du Québec, 2005.
  • “Growing the Businesses of Tomorrow: Challenges and Prospects of Early-Stage Venture Capital Investment in Canada,” advisor, Report of Macdonald & Associates Limited (now Thomson Macdonald) for the Business Development Bank of Canada, Industry Canada and the Ontario Ministry of Economic Development and Trade, 2005.
  • Advising Québec Government on Proposed Legislation Affecting Québec Venture Capital Industry, 2005.
  • Selection of Canadian Technology Companies to Present at Canadian
    Venture Forum, selection committee member, Toronto, 2004, 2005, 2006.
  • Selection of Canadian Life Sciences Companies to Present at BioMedex, selection committee member, Montreal, 2004, 2005, 2006.
  • North American Venture Capital Summit, co-chair, Québec City, 2004, 2005.
  • Advising Wise Persons’ Committee (appointed by Federal Canadian Government) to Review the Structure of Securities Regulation in Canada, 2004.
  • Advising Québec Government on Venture Capital and Institutional Investor Issues, 2003, 2004, 2005.

Teaching

  • MIT Sloan Entrepreneurship Development Program, guest lecturer, Cambridge, MA, 2010, 2011, 2012, 2013, 2014.
  • Harvard Law School, guest lecturer, Cambridge, MA, 2012.
  • Harvard Business School, guest lecturer, Cambridge, MA, 2003, 2004.
  • Cornell Law School, guest lecturer, Ithaca, NY, 2004.
 

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