Ontario Technology Corridor: the costs of doing business here are lower than in any G7 country
Situated in the heart of Canada’s most urban, highly educated and dynamic province, the Ontario Technology Corridor offers excellent growth opportunities, a deep, diverse and skilled workforce, a low-risk business environment, and globally competitive Research and Development (R&D) tax credits as well as tax incentives targeted to companies in the software, wireless, photonics, digital media, life sciences and microelectronics sectors.
Google, IBM, Microsoft and You?
Through the North American Free Trade Agreement (NAFTA), Ontario-based technology companies have long-term access to North America’s $17.9 trillion (GDP) economy and 460 million consumers. On average, it takes only one government procedure to register a company in Ontario, and the entire process, often done online, takes about five days. Ontario is open for business!
Firms including Adobe, BlackBerry, Cisco, GlaxoSmithKline, Google, IBM, Merrill Lynch, Microsoft, Toyota, Ubisoft and Xerox take advantage of a motivated, loyal and ethnically diverse workforce. Every year over 38,000 students graduate with math, engineering or science degrees from Ontario's 44 colleges and universities.
Financial centre of Canada and R&D tax incentives
Ontario is the financial centre of Canada and among the top three largest finance centres in North America. Ontario technology companies operate in a highly transparent, low-risk trading and regulatory environment with a global outlook.
A $3 billion innovation agenda
The government of Ontario is also an active player in the province’s innovation economy. Ontario's Ministry of Research and Innovation invests in an aggressive innovation agenda to ensure the province is one of the leading economies in the 21st century. Supported by $3 billion in spending over eight years (2008-2016), Ontario is focused on seizing global market opportunities.
The Ontario Media Development Corporation is the central catalyst for the province's cultural cluster including Interactive Digital Media. The Ontario government offers industry-targeted incentive programs. For example, for digital media and gaming firms there are tax credits for 35-40% of production costs and this can be enhanced by additional funds like the Interactive Digital Media Fund (up to $150,000).
The R&D power of 20 universities and 24 colleges
The Ontario Technology Corridor’s talent engine is fueled by Ontario's 20 universities and 24 colleges – many offering extensive internship and co-op education programs highly responsive to technology industry needs. For example, the University of Waterloo offers the world’s largest math, computer science and co-operative education program, Seneca College’s Animation Arts Centre produces international award-winning gaming and entertainment industry talent, and the University of Toronto ranks as Canada’s top research university. Also, according to the Swiss-based International Institute for Management Development, Canada has the highest number of qualified engineers in the G7.
The Ontario Technology Corridor’s academic and corporate R&D campus synergies produce a potent mix of small and mid-size innovation companies such as Fuel Industries (digital gaming/advertainment), Algorithmics (financial security software) and COM DEV International (satellite hardware).
Commercialization expertise at Federal labs and Ontario Centres of Excellence
Ontario’s academic research labs are further bolstered by access to the world-class R&D commercialization facilities across the province. The National Research Council (NRC) and other labs, including the Communications Research Centre (CRC), Natural Sciences and Engineering Research Council (NSERC) and Defense Research and Development Canada (DRDC), house thousands of scientists in Ottawa—the nation’s capital.
In well-equipped facilities spread across the province, The Ontario Centres of Excellence for Communications and Information Technology, Earth and Environmental Technologies, Materials and Manufacturing, Photonic and Commercialization of Research also encourage industry partnership and the acceleration of innovation.
The cluster of academic, government and corporate R&D labs in the Ontario Technology Corridor has produced one of the highest concentrations of technologists, technology companies and per capita patent productivity in the world.