Government of Canada invests in BC’s growing digital and clean technology sectors
“Our government is laying the foundation for Canadians to become more competitive and succeed in the global economy. Today’s investment in the Vancouver Economic Commission builds on our competitive advantages and will result in new partnerships and promotional opportunities in the clean tech and digital tech sectors, boosting economic growth and creating good, middle-class jobs for Canadians.”
- The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for Western Economic Diversification Canada
“Vancouver is Canada’s fastest-growing and most diverse low-carbon economy, with local companies continuing to play a crucial role on the front lines of climate action and digital innovation. This federal funding for tech deployment unleashes the chance for startups to work with keystone institutions on urgently needed climate solutions. And funding for a regional Vancouver e-sports strategy underscores Vancouver’s bench strength in the tech, creative and entertainment industries.”
- Catherine Warren, Chief Executive Officer, Vancouver Economic Commission
The average salary for clean tech sector employees in British Columbia is $84,000, translating to an estimated annual payroll of $640 million.
From 2011 to 2016, the number of clean tech companies in British Columbia grew by 35 percent, average wages increased by 24 percent, and the number of BC-based employees increased by 20 percent.
There are more than 170 games development companies in Vancouver producing world-renowned games.
According to the 2019 Global Esports Market Report, e-sports revenues are estimated to reach $1.46 billion in 2019, $607.15 million of which comes from sponsorships.
Western Economic Diversification Canada
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