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.”
- Vancouver has three of Canada’s five 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: Software as a Service (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.
- 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, Apple, Cisco Systems, Samsung, SAP, and Zenefits, as well as Absolute Software, ACL Service, TELUS, BuildDirect and Vision Critical.