Techweek is incredibly excited to announce our newest community partner in Toronto, the Brookfield Institute for Innovation + Entrepreneurship!
Founded in early 2015, “The Brookfield Institute for Innovation + Entrepreneurship (BII+E) is a new, independent and nonpartisan institute, housed within Ryerson University, that is dedicated to making Canada the best country in the world to be an innovator or an entrepreneur.”
A result of the combined vision of two of Canada’s most prominent leaders, Sheldon Levy and Jack Cockwell, BII+E was inspired by similar institutes like the Kaufmann Foundation. BII+E is a policy-focused institute researching and supporting innovation and entrepreneurship across Canada. “BII+E supports this mission in three ways: insightful research and analysis; testing, piloting and prototyping projects; which informs BII+E’s leadership and advocacy on behalf of innovation and entrepreneurship across the country.” To learn more check out their website! Learn more
Techweek’s mission is to foster economic development in emerging entrepreneurial ecosystems around the world by showcasing and celebrating the accomplishments of the amazing people, companies, and organizations that make up the startup ecosystem. We’re so excited to partner with BII+E to further this mission in Toronto & Canada!
Come hear Sean Mullin, the Executive Director of BII+E, speak at Techweek Toronto Summit on Thursday, July 28th. Sean will be summarizing BII+E’s most recent research, which has just been released in their newest publication, “The State of Canada’s Tech Sector, 2016” (July 2016).
The Techweek team received a sneak preview of the report’s key findings and we cannot be more enthusiastic about the growing success and momentum of the Canadian entrepreneurial ecosystem. Here are some key findings of the report:
- The tech sector was directly responsible for $117 billion or 7.1 percent of Canada’s economic output, greater than that of the finance and insurance industry.
- 864,000 Canadians were employed in the tech sector, which made up 5.6 percent of Canada’s total employment.
- At over $9.1 billion spent, the tech sector was by far the largest private sector investor in research and development.
- The tech sector was also comprised of nearly 71,000 firms, representing 6.1 percent of all Canadian businesses.
- Tech sector employees earned approximately $67,000 a year, compared to the national average of nearly $48,000.
- Over 50 percent of tech sector employees had a university education, compared to 29 percent across Canada’s labour force.
Don’t miss out on Sean Mullin at Techweek Toronto Summit. Get your tickets here!