The clean technology sector, including power generation, energy efficiency, transportation and industrial processes that create green benefits, has been growing steadily and is considered to be worth $3 trillion per year globally, creating great opportunities for investment.
More than 270 clean-technology companies have made British Columbia home. These green-thinking firms are recognized globally for leadership in this industry. Our targeted incentives and support programs will help your clean technology company grow as we expand to meet worldwide demand.
- B.C. has one of the highest ratios of clean technology companies to GDP in Canada
- Vancouver is home to 23% of Canadian clean technology companies
- B.C.’s cleantech cluster accounts for 25-to-30% of Canada’s cleantech companies
Technology companies in British Columbia can count on an environment that actively encourages investment, with competitive taxes, reduced regulations and many opportunities for growth.
Research and development - Twenty five world-class educational institutions and several centres of excellence supporting green research and technology development.
Competitive business environment - We offer a stable fiscal environment that is cost-competitive with other major North American centres. Enjoy tax incentives, competitive personal taxes and one of the lowest corporate tax rates among the G7 countries.
B.C.’s general corporate income tax rate is only 12%. When combined with the federal rate, businesses pay a combined rate of 27%.
B.C. has the lowest personal income taxes in Canada for individuals earning up to $125,000.
Low power pricing - 98 per cent of our electricity comes from hydroelectric plants. This provides clean electricity to support industry developments at some of North America’s most affordable and reliable power rates.
Top talent - B.C.’s large, flexible and educated workforce of more than 100,000 workers across the broader tech ecosystem is well represented by young, diverse and energetic talent.
Clean Technology Sector Snapshot
British Columbia’s clean technology is built on a solid foundation of global recognition for sound environmental stewardship and leadership in the fuel cell industry. In addition to these advantages, the province also offers a leading-edge bio-energy sector, world-class utility programs, ready-access to natural gas and strong linkages to markets around the world.
Investors and companies from around the world are discovering the financial and environmental benefits of our clean technology projects in fields including:
Hydrogen and fuel cells, particularly for applications beyond transportation, from the smallest mobile devices to telecommunications stations.
Clean transportation, with major international manufacturers developing plug-in electric, fuel cell and natural gas engines.
Energy management and efficiency technologies, such as smart measurement, monitoring and controls that power intelligent energy use.
Renewable energy technology based on the development, testing and use our abundant natural resources.
Water and waste resource management technologies that turn wastewater and solid waste into pristine drinking water, clean energy and valuable, marketable materials.
Innovating locally, exporting globally
The reach of the industry is significant as B.C.’s clean tech companies sell a significant amount of their products and services to customers outside of the province.The largest export market is the United States and this is expected to remain the case for the next three to five years, while combined sales to Europe, Asia and other countries is expected to grow to one-third of total revenue by 2021.
Technology Sector Incentives
In addition to general business incentive programs, British Columbia and Canada offer the following programs specifically for the technology sector:
BC Tech Fund
A $100 million venture capital fund established to invest in emerging technology companies in British Columbia across multiple sectors, including Information and Communications Technology (ICT), Digital Media, Clean Tech and Life Science/Healthcare.
First Nation Clean Energy Business Fund
Promotes increased First Nation participation in the clean energy sector.
National Research Council of Canada Industrial Research Assistance Program
Provides financial support to qualified small and medium-sized enterprises in Canada to develop technologies for competitive advantage.
Sustainable Development Technology Canada
Finances and supports clean technologies that provide solutions to issues of climate change, clean air, water quality and soil and that also deliver economic, environmental and health benefits to Canadians.
|Canadian Scientific Research and Experimental Development (SR & ED) tax credit
||Canadian-controlled private corporations
Other Canadian corporations
|Tax credit of up to 35% of qualified expenses for work carried out in Canada
Tax credit of up to 15% of qualified expenses for work carried out in Canada
|British Columbia Scientific Research and Experimental Development (SR & ED) tax credit
||Corporations conducting SR and ED in B.C.
||Tax credit of up to 10% of qualified SR and ED expenses
Clean Technology Sector Supports
Green Centres of Excellence bring experts from the public, private and academic sectors together to collaborate on applied research, development and commercialization of new technologies.
|Centre of Excellence
|Centre for Energy Systems Applications
||British Columbia Institute of Technology
||Renewable energy technologies (geo-exchange, photovoltaic and high efficiency lighting) in an integrated systems approach
|Centre for Interactive Research on Sustainability
||University of British Columbia
||Sustainable transportation, clean energy/technology
||Northern Lights College
||Wind turbines, photovoltaic, solar thermal, biomass, geo-exchange
|Institute for Integrated Energy Systems
||University of Victoria
||Renewable energy systems
|Institute for Resources, Environment and Sustainability
||University of British Columbia
||Sustainable resource management and ecology
|Pacific Institute for Climate Solution
||University of Victoria, University of British Columbia, Simon Fraser University and University of Northern British Columbia
||Low-carbon economy, climate change, sustainable communities, resilient ecosystems
|Jim Pattison Centre of Excellence in Sustainable Building Technologies and Renewable Energy Conservation
||Sustainable construction management technology, geothermal, electrical, carpentry, green building design and construction, onsite alternative energy sources, metering and monitoring of green buildings, building envelope construction, life cycle management, HVAC, applied ecology and conservation, human kinetics