Information & Communications Technology in British Columbia
British Columbia (B.C.) is home to a progressive and dynamic industry pursuing advances in enterprise software, Software-as-a-Service (SaaS), cloud computing, information communications technology systems, Internet of Things (IoT), e-commerce, telecommunications, wireless devices, electronics manufacturing, and semi conductors. Working with world-class research facilities and top-ranked universities, colleges, and technical institutes, B.C. companies are developing innovative solutions and game-changing platforms via an entrepreneurial and multicultural tech community focused on innovation, collaboration, and growth.
Sector Profile
TECHNOLOGY THRIVES IN B.C.
B.C. is quickly earning a global reputation for consistently producing tech unicorns. Home to one of the fastest-growing tech eco-systems, with over 10,000 innovative technology companies operating throughout the province, the reasons to choose B.C. for your tech startup, or to relocate your established tech team, are compelling.
- Government support – A corporate tax rate of 12% matched with the federal rate means that businesses in B.C. have an effective tax rate of only 27%, while the BC Tech Fund, a $100-million technology endowment, brings venture capital to innovative technology companies in B.C. And InBC, a $500 million strategic investment fund created by the Government of British Columbia helps companies grow.
- Exceptional talent – B.C.’s post-secondary institutions are working collaboratively with the tech sector to acquire, train, and graduate right-skilled workers to meet the needs of the technology sector.
- Prime location – As Canada’s gateway to the Pacific, British Columbia’s business day conveniently overlaps with afternoon working hours in Europe and morning work schedules in Asia, and perfectly synchronizes with the full working days of California and Washington State.
- Publicly funded development – The Venture Acceleration Program, funded by Innovate BC, is in place to develop, coach, and expand early-stage entrepreneurs as they take the first steps towards their technology venture.
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Sector News and Stories
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