The Confidence of Change Canada


There’s a confidence of change that’s resonating throughout Canada.  Even our new Prime Minister, is part of this and recognizes Canada as a tech hub.

Okay, but what about our change? (excuse the pun) Recently our change is not worth much if you compare it to United States currency. But, for now, our plunging currency is making startups attractive to investors. Indeed, globally, investors understand one thing – what goes down usually goes up thus making investments in Canadian startups potentially a lucrative venture for many.

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Then there’s our Prime Minister Justin Trudeau that recently spoke to 400 delegates that included global billionaires and leaders of worldwide corporations at the World Economic Forum  in January 2016.   

Prime Minister Justin Trudeau said, “We have extraordinary high-tech sectors, innovative manufacturers, a really strong biotech and mostly an educated, diverse and creative population.” This is what drives innovation, technology and entrepreneurship! Good news for Canada!

Our Prime Minister spoke of how even Silicon Valley (the place in the States where startups flock and the high-tech nerve center where ‘tweet’ and ‘friend’ became household verbs) look to Waterloo University in Canada for startups and techies.

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Also, following the confidence of change and the “Canadian tech hub” drive, Canadian banks are adding technology talent to their boards with recent appointments of entrepreneurs and venture capitalists with deep connections to Silicon Valley. Kewel!

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There are also really good incentives in Canada for tech companies. For example, for every dollar spent on an engineering team, companies can get around one third of the cost back from government programs. There are plenty more programs that support startups. Kudos again, O’Canada!

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So, with our high tech sectors, and an educated, diverse and creative population, an increase in cross border relationships with the US, incentive programs for startups, more investment, and our Prime Minister on board, Canada’s business model is a changing! Congrats Canada!

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