This is a GREAT idea. As someone who once paid for this kind of service, I can tell you that the “professional” data services are expensive and I really never thought they provided value for the money. Don’t get me wrong, I don’t think paying for this kind of service is a bad idea – but if you can build a community powered service that basically does the same thing, go for it! I’d also agree with the founders that this kind of data is vital to keeping Canada’s startup community healthy.
Read all about it at Startupnorth:
"Tonight at StartupCamp Toronto we are launching Startupindex.ca, an open, community-managed and free startup tracking database for the Canadian startup community. This is Version 1, and we will be putting a lot of work in to it in the next few weeks and months.”