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Canada is home to the world’s largest tech hubs, growing and attracting innovative talent from across the globe. Our diverse, highly educated and growing tech talent pool continuously attracts investments from global businesses, including the world’s 10 largest technology companies. Canada’s commitment to talent development and attraction, strong support for innovation and low business costs make it easy for tech companies to make money.
Waterloo is a special place for tech. It has unique tech credentials that places it among North America’s most dynamic tech hubs. It’s home to Canada’s three fastest-growing tech businesses and a globally renowned top tech university, as well as multinational businesses like Google, SAP and Faire.
Canada is increasingly recognized as a world leader in technology and the investments we make today and in the future will help ensure that Canada continues to be a pillar of innovation.
SOFTWARE DEVELOPMENT IN CANADA
Software development talent is abundant in Canada: the country accounted for 3.43% of developers in the 2020 Annual Developer Survey, making it the fifth most represented in terms of developer talent globally. Beyond access to an exceptional workforce pool, software companies operating in Canada benefit from strong market growth. The latest numbers show a 14.2% annual increase in operating revenues for Canadian software and computer service industries.
ARTIFICIAL INTELLIGENCE (AI) IN CANADA
With 995 AI and machine learning companies and some of the world’s brightest minds in the field, Canada continues to attract global talent and capital. As a result, global companies are choosing to locate in AI hubs across the country to get access to the deepest and highest quality pool of AI talent. Businesses investing in Canada’s AI ecosystems also benefit from strong government support, low business costs, and access to world-class AI clusters.
CYBERSECURITY IN CANADA
According to Pitchbook data, Canada is now the 6th largest cybersecurity innovation hub in the world by venture capital deals (2016-2020) and has taken key steps to recognize the importance of cybersecurity. As part of its new National Cyber Security Strategy, Canada is committing to invest $507M over five years.
TORONTO WATERLOO REGION
Explore opportunities in Waterloo Region and beyond - Waterloo Tech Jobs
The Toronto-Waterloo Corridor is the largest tech cluster in North America outside of Silicon Valley. It’s bigger than Boston, New York or Seattle. It’s far larger than other tech hubs like Pittsburgh or Columbus.
Canada doesn’t do much on an American scale, but the Toronto-Waterloo Corridor is an exception.
The area is home to more than 15,000 tech companies, including 5,000+ startups, and nearly 300,000 employees in high-tech industries. About two-thirds of those employees are classified as “tech workers,” which includes programmers, developers, etc. With 8% of the total workforce employed in tech, the Toronto-Waterloo Corridor also has a similar talent density to Silicon Valley and a much greater density than New York, Boston or Seattle.
Toronto is Canada’s corporate headquarters and the centre of finance, industry led R&D, health and life sciences and venture capital, all alongside a rapidly growing startup ecosystem. Waterloo Region has the second highest density of startups in the world, along with the headquarters of some of Canada’s largest technology companies and development offices for leading global brands.
With a diverse labour force drawn from the country’s largest cluster of research universities and technical colleges, including institutes devoted to quantum computing, theoretical physics and artificial intelligence, we have the talent to fuel innovation and the competitive corporate tax rates, supportive government leadership and global networks to create new industries.
Reference: Invest Canada Blog, Waterloo Corridor