British Columbia has the fastest-growing technology sector in Canada, according to a new report released by Deloitte.
Deloitte’s report, British Columbia’s Digital Technology Supercluster, was commissioned by B.C.’s leading technology organizations and aims to prove why each local hub is worth a cash infusion from the Canadian Federal Government.
According to the report, the province’s technology sector generates over $26 billion a year, making it the fastest-growing tech sector in Canada. Additionally, the sector employs roughly 150,000 people, making B.C. the fastest-growing tech workforce in the country.
“B.C. is well-positioned to lead Canada’s next chapter of economic growth and global competitiveness,” Bill Tam, CEO of BC Tech Association, said in a press release.
“The unique combination of B.C.’s digital technology strengths and leadership in the areas of natural resources, healthcare, transportation, infrastructure and creative entertainment offers the potential for a supercluster that can transform traditional industries and lead the world.”
The report goes on to highlight B.C. universities as a driver of world-class tech talent and quality research product, drawing over $800 million a year in research funding.
Additionally, between 2006 and 2015, there has been a 57% increase in engineering and computer science programs and, since 2001; $1.2 billion has been awarded in funding for research infrastructure and equipment.