Over the past two years, the B.C. tech industry has grown by 14%, with much more promise to continue growing. This is a huge opportunity to Vancouver especially, where most of B.C.’s business is facilitated.
Many economists, politicians and journalists have already made predictions of business movement from the US to Canada, following Trump’s immigration ban on the 7 muslim dominated countries. Many people are being turned away at the border, oftentimes people returning to their homes in the U.S. after vacationing. Some, having valid green cards and working permits are being denied entry and out of matter of principle and pride, many people are choosing to leave. Canada is opening it’s arms to people of any ethnicity and faith to join the country in a strive for greater diversity and economic prosperity.
This means a lot especially for new and innovative businesses located in Vancouver. We have some of the largest government sponsorships for projects that innovate and explore technology in every way. Some of the newest and most developed sustainable technologies have been discovered in Vancouver due to the large amount of resources to conduct vast research and development.
In the next few months Vancouver is expecting an influx of young technology professionals from all across the globe. This will bring a lot of diverse new talent and ideas to the existing B.C. tech industry, and help it develop into a greater and more resourceful sector of the economy.
B.C. tech has developed 4 categories for the tech industry, starting with information & communications, digital media & entertainment, life sciences & health and ending with clean tech.
Clean tech is an area that needs to be developed much more, as currently there appears to be multiple small solutions being developed for one big problem. Ultimately, humanity needs one large overall solution to substitute fossil fuels, and hopefully with the arrival of young tech professionals and innovators this solution can be found.
Companies such as Carbon Engineering, Salt Works and the B.C. innovation hub will be able to research deeper into pollution abatement technologies with the aid of global talent.