SummaryThe State of Canada’s Tech Sector is a new report produced by the Brookfield Institute for Innovation + Entrepreneurship (BII+E) in conjunction with a number of key partners. To date, we have only had a limited view of how pervasive of an impact technology—and technology‐related jobs—has had...
A bootstrapped $30m revenue software company from Ottawa that nobody has heard but which boasts A-list clients, grew 120% last year and now faces Microsoft as a rival. Its plan? Raise $50m in growth capital, reach $100m in revenue in two years and go public. All from selling a simple piece of software that identifies whether your email is "classified," "protected" or whatnot. My latest Globe piece. ... See MoreSee Less
Dave OlsonSo the company that acquires companies just (seemingly) to thwart innovation & drag them into the ground, is being acquired by a company with a wonderful track record of doing the same. What a wonderful marriage :-)
But oh my! What about Flickr?
Michael TippettAnd we need to keep them in Canada. Canadians are doing a great job building Facebook, Google and Amazon.
20 hours ago · 3
Mark OrganThe sheer number of Asian universities was most interesting to me. Ton of talent coming out of there.
18 hours ago · 4
Митя ЧжRight now Silicon Valley, Israel, Germany, England and Asia are all competing for talent. They all have excellent environment, earning potential and could easily be affordable and fun to live in. NOT easy to complete with.
Mykyta PonomarenkoI used to really look up to this guy. But after suing Gawker into bankruptcy and now supporting Donald Trump. It seems like he doesn't understand why business and government should be separate entities. I hope he doesn't continue down this path, he used to be my favourite libertarian. Now he just seems like a political force in the far right.
3 days ago
Mark FromsonHe just wanted to come out to the world on national television. Why? Simple. He's a narcissist. There's no shortage of billionaires that have this issue.
3 days ago · 1
Tian-Yuan ZhaoI legit thought he was gonna troll everyone there and be the saving grace of the RNC and this entire election by denouncing Trump instead in the best way possible (for the good of humanity). However his speech was simply a shock, in both a good and bad way. Still scratching my head why a guy like him would support a guy like Drumpf
Excited to announce a weekly column in collaboration with the great folks at BetaKit (special thanks to Douglas Soltys for all the hard work in building and managing this).
Each week Katherine Hague and I will answer questions submitted from entrepreneurs. Katherine will provide the operator (she built and sold ShopLocket) and the Angel perspective (based on her her stellar work at FemaleFunders and making individual investments herself) and I will provide the VC perspective.
Matt Burns♥ this Roy, hopefully other startups follow suit!
4 days ago · 3
Ben ZifkinThis is awesome. Thanks for being part of it. Great to have repeat entrepreneurs leading the charge. It is an amazing organization. If anyone has any questions about The Upside Foundation, happy to connect.
Jen CouldreyFor anyone interested, over 50 companies in Canada have pledged so far, including the following companies. Reach out if you'd like to know more!
4 days ago · 5
Daniel WarnerHeard all about it from Mark Skapinker last night - congrats! It's an incredible initiative. I'm game for my next one. Great work Roy, Kevin and Ben, lead the way! Big ups.
4 days ago · 6
David BloomMaking philanthropy a part of your company dna early will have a massive impact on culture. And it feels good too! Congrats Roy & team. We made the pledge, happy to answer any questions for those that have.
Jake Anthony HishonAh Canada, the stepping stone to California.
What needs to be done more so then just making fast tracked visa's more widely available, is making Canada a viable place for entrepreneurs to stay and pursuit their goals and dreams. Expose the program's we have, and expand where we are lacking for talent retention
We need more then just an opening ballad, but a final ensemble as well.
Nick RaynerThey don't need immigrants. They need immigrants willing to work for next to nothing. The fact that people don't see this as a plain-faced play to import the cheapest possible talent for a sector that is *already* notorious for paying low wages and demanding unpaid internships is laughable. What they want is to outsource all their talent but the Government won't let them. This is one instance where, in my opinion, the government is doing its job in trying to persuade people to look within Canada and yet articles like this keep pushing the lie that it's impossible. Just look at this babbling nonsense:
" In the innovation economy, bringing in the right talent from outside can create bigger and better companies, the network effects of which begin a virtuous cycle."
They are the EXACT SAME THING. The same goal is cheap labor. Instead of outsourcing it to another country, they just bring it in and pay them next to nothing while the government makes up the rest. This has happened before, we've seen it happen with the TFW program. It's just funny that Globe and Mail can publish articles pointing out the brokenness of that system yet when it comes to tech startups and people who do awful coding, it's something else entirely.
Gilbert Jason BaileyNick Rayner - The competition for senior level talent in Canada's tech hubs is vicious. These are EXCELLENT paying jobs, and we are getting a very low volume of applications. We are trying to bring in top talent from other countries in order to strengthen the communities here, raise the bar, and train juniors. We pay these imports the same as we would a local. No one that I know of is doing this to save money. It is cumbersome, expensive, takes forever, and often fails for stupid reasons. I have no idea where you are getting your experience in this, but it sounds vastly different than the one being had by the people doing the hiring.
Stuart MacDonaldI am working with several tech Clients who are aching for strong technical talent right now. It's hellish to hire and the Government isn't making it any easier. In one situation, they had to let two developers go because their visas were expiring, while simultaneously hiring a DIFFERENT person who had permanent residency offered before they even came to Canada. The system is stupid and not at all supportive of growing globally-minded tech firms here.
3 weeks ago · 3
Guy GalIs there actual demand from talent to move to Canada that is being gated by visa restrictions?
Chris PlunkettGreat article Allen Lau. I've been speaking with both provincial and federal government about this - and if companies have specific examples of how the restrictions around immigration have negatively impacted company growth - would be very useful as we make the case. Please reach out if you have specific examples, and would be happy to include those. (I have a lot of Waterloo-centric examples, but more from across the country would be useful). Thanks!
Yves BoudreauWe are doing some real work in this area and will be piloting a new Express Entry program later this year. It's part of the Government-level of our platform that is tailored to help in areas such as repatriation, localized labour market analytics and skills gap assessments. It does not completely solve the issue, but it will bring some substantial efficiencies on the administrative burdens associated with the delivery of the program.