Technology

Multi-faceted and dynamic, Vancouver’s Tech & ICT sector is rapidly evolving while drawing global attention and the world’s top talent.

Today, companies of all shapes and sizes — including some of the industry’s biggest players — are choosing Vancouver as the place to do technology business.

Vancouver is now on the industry map such that Bloomberg Businessweek has called it “the new tech hub,” a place offering “world-class talent and few immigration headaches” as well as “great views in a convenient time zone.”

Notable Highlights

  • Vancouver has three of Canada’s four tech unicorns (startups valued at more than $1 billion), namely Slack, Hootsuite and Avigilon
  • The industry includes:
    • nearly 101,000 tech professionals across British Columbia (BC), with some 75,000 working in Vancouver
    • more than 7,000 companies across BC
  • The industry generates more than $23 billion in revenue and $15 billion in GDP
  • BC’s tech hub is located in downtown Vancouver, a major draw — and a proven factor in increasing overall productivity
  • The sector includes: Service as a Software (SaaS), social media, business intelligence, security and financial tech, e-commerce, and web technologies.
  • Wireless technology is at the forefront of this sector. This is evidenced by the fact that Canada’s Centre of Excellence for Wireless Commercialization – Wavefront – is headquartered here in the city. BC now has 1,200 wireless companies employing 10,200 people, with industry revenues topping $3 billion. Further proof that this subsector is thriving lies in the fact that the Canada Accelerator and Incubator Program (CAIP) recently awarded over 1/3 of their funding to accelerators located in Vancouver in order to help these innovative entrepreneurs build better tech companies.
  • A Startup Visa, championed federally by passionate Vancouverites, dedicated solely to attracting the sector’s top global entrepreneurial talent has helped the city become a true talent magnet
  • The sector boasts some major global and homegrown players, including Microsoft, Amazon, Cisco Systems, Samsung, SAP, and Zenefits, as well as Absolute Software, ACL Service, TELUS, BuildDirect and Vision Critical.