VIATEC posted an articleThe tech sector in Greater Victoria has a total economic impact of $5.22 billion and employs 16,775 see more
VIATEC releases Economic Impact Study of the Technology Sector in Greater Victoria
There is a total economic impact of $5.22 billion and the sector employs 16,775 people.
VICTORIA, BC (October 15, 2018) - The Victoria Innovation, Advanced Technology and Entrepreneurship Council (VIATEC), has surveyed local technology companies and commissioned an independent researcher (Alan Chaffe, senior economics lecturer at the University of Victoria), to collect and analyze the data - releasing a brand new Economic Impact Study.
The study shows there has been a growth of 30% since the last study was released in 2013:
The technology sector in Greater Victoria has a total economic impact of $5.22 billion and employs 16,775 people.
The tech sector contributes significantly to employment and economic output in both the local community, as well as throughout the Province of British Columbia. Growth in revenue and the number of technology firms for Greater Victoria outpaces the national average.
Greater Victoria is home to a vibrant, diverse, and successful technology sector that has been a major driver of innovation and economic growth for the BC economy. The technology sector in Greater Victoria has experienced significant growth over the past decade—with industry revenues (direct impact) increasing from $1.0 billion in 2004 to $4.06 in 2017. This represents a more than fourfold increase over this period.
The combined direct ($4.06 billion) and indirect ($1.16 billion) economic impact of the technology sector in Greater Victoria for 2017 was $5.22 billion—a 30% increase from the $4.03 billion estimated in 2013. The technology sector is responsible for a substantial portion of the region’s employment. In 2017, there were 16,775 employees in the sector.
The technology sector in Greater Victoria is expected to continue to grow. The number of technology firms in Greater Victoria is expected to increase, reaching over 1,000 before 2020. VIATEC recently adopted a strategic plan focused on supporting the region’s tech sector in growing to $10 billion in annual revenues by 2030. Based on the findings of this study, it is expected that this goal will be achieved if not surpassed in that time frame.
VIATEC (Victoria Innovation, Advanced Technology and Entrepreneurship Council), started in 1989. Our mission is to serve as the one-stop hub that connects people, knowledge and resources to grow and promote the Greater Victoria technology sector (Victoria's biggest industry).
We work closely with our members to offer a variety of events, programs and services. In addition, VIATEC serves as the front door of the local tech sector and as its spokesperson. To better support local innovators, we acquired our own building (Fort Tectoria) where we offer flexible and affordable office space to emerging local companies along with a gathering/event space for local entrepreneurs.
Our Focus Areas are: Regional and Sector Promotion, Networking and Connections, Talent and, Education and Mentoring. www.viatec.ca
Victoria added 1,000 tech jobs to the labour force between 2012 and 2017 see more
Source: Goldstream Gazette
Author: Keri Coles
Victoria named in top 10 Canadian cities for tech talent
First time B.C.’s capital has made the list
Victoria now ranks in the top ten cities for Canadian tech talent, according to a new report released Thursday by CBRE Canada.
It is the first time B.C.’s capital has made the list, which analyzes the conditions, cost and quality of the labour market for highly-skilled tech workers. The rapid growth of Victoria’s tech sector and its momentum is being credited for the ranking boost.
The 2018 Scoring Canadian Tech Talent Report, published by real estate company CBRE, notes that Victoria added 1,000 tech jobs to the labour force between 2012 and 2017 – a 16.1 per cent increase.
While Victoria was ranked number 10, its overall score of 46.4 was almost half that of the city at the top of the list – Toronto at 87.3.
The analysis was broken down into three indicators – tech talent employment, educational attainment and high-tech industry. Victoria was ranked 14, 10 and 6, respectively, out of the 20 cities analyzed.
Victoria’s SaaS (Software as a Service) and high-tech manufacturing industries pushed its high-tech concentration to 3.6 per cent, well above the national average of 2.6 per cent.
Tech is noted as one of the fastest growing industries in Greater Victoria, with a 48.3 per cent growth in high-tech industry from 2012 to 2017 and an estimated economic impact of $5.2 billion, according to Statistics Canada data.
The report says the primary tech industries in Victoria are SaaS, ocean science, and advanced manufacturing.
Early this year, B.C.-led Digital Technology Supercluster, of which Victoria is a part, was chosen as one of the funding recipients for the Government of Canada’s Innovation Supercluster Initiative, created to facilitate and fund collaborative technology projects.
It is expected to boost GDP in B.C. by more than $5 billion and create more than 13,500 jobs over the next 10 years.
“Growing 30 per cent sounds like a lot, but honestly I think the sector’s potential was higher..." see more
Source: Times Colonist
Author: Andrew Duffy
Greater Victoria’s tech sector still booming, but recruiting a challenge
Victoria’s high-tech industry has grown by leaps and bounds in the past five years, but it’s still likely under-performing, according to the head of the Victoria Innovation, Advanced Technology and Entrepreneurship Council.
Dan Gunn, chief executive of VIATEC, said the sector might have grown 30 per cent since 2014, but it could have grown bigger and faster.
“Growing 30 per cent sounds like a lot, but honestly I think the sector’s potential was higher than that,” he said. “We under-performed and we under-performed for one specific reason — we haven’t been able to find enough skilled and experienced talent.”
Gunn was reacting to a new economic impact study commissioned by VIATEC and written by Alan Chaffe, senior economics lecturer at the University of Victoria. The study, which VIATEC will release publicly on Monday, shows the tech sector has a $5.22-billion annual economic impact on the region, with combined annual revenue of its 955 companies of $4.06 billion, and employing 16,775 people directly.
“We were under the impression and pretty confident we were at $4 billion in revenue based on the level of activity since our last study, but it’s great to have that reaffirmed,” said Gunn. “We are confident of the numbers and we know there are a number of ways we could have used higher numbers to get a big story, but we wanted something accurate and conservative.”
The study, which predicts there will be in excess of 1,000 tech firms in the region by 2020, suggested the sector is on target to meet its goal of combined annual revenues of $10 billion by 2030. “We wanted to set a big, hairy, audacious goal to motivate the sector,” said Gunn. “This study revealed that not only is that attainable, but highly likely that we are going to hit that level of growth before 2030, which is fantastic.”
But it also comes with problems. Gunn said that kind of growth likely means as many as 15,000 more people working in the sector, leading to the questions of where those people will be found and how they will be housed when they are here.
The study pointed out housing availability, affordability and a skills shortage have been limiting factors to growth among the region’s tech firms.
Gunn said the region needs more breadth of opportunity — more companies and larger companies offering a variety of roles in order to attract talent.
But despite the challenges, the study revealed a highly optimistic sector in the region.
It noted the firms responding to the VIATEC survey estimated total revenues are expected to increase by nearly 13 per cent this year alone, while 77 per cent of all respondents indicated they expect to hire additional staff over the next two years.
If that happens, total employment in the technology sector would be expected to hit 18,280 by the end of 2019.
The study suggested that optimism is because of Greater Victoria’s quality of life, access to an educated workforce and close economic links within the Pacific Rim.
Gunn said studies like this are important both within and outside the sector.
“It shows the sector the value of what they are offering in their community, and seeing if they are ahead or behind pace,” he said. “And it gets the attention of policy makers to understand the value of it.”
Gunn said despite its growth and increasing profile, tech remains a pretty quiet industry, taking up anonymous real estate in the second floors of downtown buildings.
The company is offering signing bonuses to the candidates whose values align with those of the team see more
Signing Bonuses Offered for Technologists as Victoria Company’s Rapid Growth Continues
Are you an electrical technologist or technician looking to join a team that places people before product and profit?
Local tech company AML Oceanographic does not just manufacture innovative ocean sensing solutions; The Sidney firm has a reputation for world-class customer service, a designation achieved through keeping a strong corporate culture at the forefront of daily operations. This has resulted in tremendous sales growth, which has seen AML’s team expand by 30% since the start of 2018.
Recognizing that the committed, engaged team of “AMLers” is the key ingredient to the company’s success, recruitment is not about simply filling roles. In the search for electrical technologists and technicians, the company is offering signing bonuses to the candidates whose values align with those of the team.
"At AML, we're all about growth: growth as individuals, growth as a team, and growth as a business. To make that happen, we invest heavily in constant learning," AML CEO Robert Haydock explained.
If you are looking to join a team that is serious about helping their customers succeed and having fun doing it, AML just might be the place for you. To learn more about AML and apply, visit our website.
If you want a job in Greater Victoria, there is likely one waiting for you. see more
Source: CHEK News
As Greater Victoria businesses struggle to fill jobs, some are cutting hours
WATCH: If you want a job in Greater Victoria, there is likely one waiting for you. The unemployment rate in Victoria is the fourth lowest in Canada, and the lowest in B.C. But as Mary Griffin reports, businesses are struggling to find workers.
But they are outside soon when they find out the shop is closed.
The cafe at Victoria’s Fisherman’s Wharf is experiencing a shortage of workers. So it now closes hours earlier than usual.
Tourist Glen Rabuka was sitting outside Friday, sharing a coffee because he didn’t know the shop was closing early.
The coffee is good, and there is no one to serve it, I guess. And that is so unfortunate,” Rabuka said.
The economy in Greater Victoria is booming and that contributes to a worker shortage, according to Frank Bourree, principal of Chemistry Consulting of Victoria, a business and human resource consulting firm.
“We’ve been involved in employment business for about 25 years, here, and we’ve never seen it this severe in terms of shortages,” Bourree said.
He believes that the region is facing an employment crisis.
“It’s pretty much across all sectors. We’re seeing a lot of competition now between sectors for higher, and higher wages. So, people are leaving the tourism industry, and going to high-tech, or construction for higher wages often,” Bourree said.
Victoria’s unemployment rate of 4.2 percent, lower than Vancouver’s, and significantly lower than the national unemployment rate of six percent is the lowest in the province.
That translates into difficulties for employers.
“This is a structural problem. We’ve got a demographic challenge. We don’t have enough kids coming into the system. We’re not getting the migration, as I said, for a number of reasons. And we’re not getting enough immigration to this region. And that’s really the only solution to our labour shortage problem,” Bourree said.
According to Statistics Canada, the construction industry created 5,900 jobs from January 2017 to January 2018.
Another 2,900 in retail, and wholesale jobs. 2,400 jobs in finance-related positions, and 2,700 more jobs in education.
But the high cost of housing, transportation and childcare are challenges for workers and the companies that are cutting hours due to a lack of employees.
Outside the coffee shop, tourist George Sears says something is wrong when a business has to close in the middle of the day to deal with a staffing shortage.
“It’s a real twist, isn’t it? People want to be here. Visit here. And so, to not have a facility open after three p.m., or it’s two o’clock, isn’t it? It’s hard on the business,” Sears said.
Del Staveley is a tourist who intended on enjoying an afternoon coffee but was turned away.
“I think it’s unfortunate that the cost of living, the cost of getting a place to live is preventing people from getting jobs. Which is what it is,” Staveley said.
Booths will be open 1-4pm with about 350 students visiting with more than 40 industry hosts on Feb 8 see more
Connect With Top Talent: Royal Roads launches fifth annual Career Development Conference
Victoria, BC – Employers can connect with Royal Roads University’s experienced and innovative students at the university’s fifth annual Career Development Conference Thursday, Feb. 8, 2018. The conference welcomes employers to join the university and its students for an interactive event where both students and employers can make new industry connections and glean business insights.
The conference features guest speakers, human resources and industry panels and student-employer networking booths. Booths will be open from 1 to 4 p.m., with about 350 students visiting with more than 40 industry booth hosts.
There is no cost to host a networking booth or attending any of the day’s sessions and activities.
Royal Roads University, a public university established in 1995, offers a progressive model of post-secondary education, delivering applied and professional programs. The university offers a blended learning experience combining online and on-campus instruction, as well as full time intensive on-campus instruction for undergraduate and graduate degrees, a doctoral degree, certificates and diplomas. It also offers progressive, professional continuing studies programs.
Natasha Dilay, Manager, Career Learning and Development
For media queries, contact:
Cindy MacDougall, Communications Officer
P 250-391-2600 x 4021
Nadia Tatlow posted an articleRedbrick is looking for a talented Chat Bot Developer, and we'd love to hear from you. see more
👋 Think you could master the Chat Bot?
Redbrick is looking for a talented Chat Bot Developer, and we'd love to hear from you.
Come chat with us to learn more about the role 👍
BC's studios generate creative and cutting edge games that have developed a loyal following globally see more
7 Excellent reasons why Interactive gaming is thriving in British Columbia
A leading creative hub at the forefront of interactive technology British Columbia, Canada, is home to a creative cluster of world-class companies specializing in game development. As an international centre for console, social, and mobile game production, as well as an emerging hub for virtual reality technology, British Columbia offers highly skilled talent, a cost-competitive and convenient west coast location, and targeted incentives. Join leading companies including Capcom Game Studio, EA (Electronic Arts), Microsoft, Sega, Eastside Games, and over 120 more studios that make up British Columbia’s creative cluster of game developers. With strong links to the U.S. west coast, Asia, and Europe, our interactive games sector is integrated with world markets and can handle the full range of development from concept through production.
British Columbia’s dynamic interactive cluster
British Columbia’s studios generate creative and cutting edge games that have developed a loyal following around the world.
- THRIVING CREATIVE ECOSYSTEM
Benefit from British Columbia’s dynamic, highly skilled, and multicultural pool of designers, engineers, and artists. Our workers have experience in the entire range of interactive productions, from console games to the fast-paced development of mobile tools. All of British Columbia’s major educational institutions are engaged in digital media, providing comprehensive training and outstanding facilities. A steady stream of new graduates and innovation flows into the sector from our prolific educational programs and research centres. British Columbia’s interactive games sector also enjoys strong relationships with film, television, animation, and virtual reality producers. This fuels a collaborative and community-based approach to projects, resulting in innovative productions.
- STRATEGIC LOCATION
As Canada’s Pacific Gateway, British Columbia is ideally located with a business day that conveniently overlaps with afternoon working hours in Europe, morning work schedules in Asia and is synchronized for the full day with California and Washington State. Vancouver’s reputation as a global tech hub has been steadily growing, with the city already internationally renowned for its liveability and spectacular location. In 2016, Mercer rated Vancouver as the top North American city for quality of living, and number five in the world. Vancouver is also ranked 3rd in the Economist’s Global Liveability Report out of 140 cities. These studies reflect B.C.’s high level of stability, health care, culture and environment, education and infrastructure. Other major cities in British Columbia, such as Victoria and Kelowna, have also developed as strong game development hubs, attracting international players such as Disney’s Club Penguin and GameHouse Canada.
- SUPPORTIVE GOVERNMENT
B.C.’s general corporate income tax rate is only 11%. When combined with the federal rate, businesses pay a combined rate of 26%. Enjoy the lowest provincial personal income taxes in Canada for individuals earning up to $125,000. Employer health care coverage for employees is optional and affordable. The #BCTech strategy is led by government with a targeted focus on talent, capital, and market access as the core pillars to continuing to grow the technology sector. The $100 million dollar BC Tech Fund, a venture capital fund-of-funds, was launched to invest in emerging technology companies in B.C. and support the development of a strong venture capital system.
- EXCEPTIONAL TALENT
B.C.’s large, flexible and educated workforce of 100,000+ across the broader tech ecosystem is well represented by young, diverse, and energetic talent. And although wages are rising, B.C. remains cost competitive.
- CREATING THE INTERACTIVE FUTURE British Columbia is home to one of the oldest video game clusters in North America, established in the early 1980s. Building on that strong foundation, today the province hosts a thriving game development industry full of large-scale game developers as well as indie game studios. British Columbia is also playing a major role in the development of virtual reality technology, with Vancouver and Seattle at the centre of the Pacific Northwest hub of VR development. British Columbia’s VR firms, including Microsoft, Cloudhead Games, and Archiact Interactive, are already looking beyond entertainment to create the future of computing, using VR and Mixed Reality to build practical tools to enhance education, health care, and other sectors.
- COMPETITIVE ADVANTAGES OF BRITISH COLUMBIA
-Interactive Digital Media Tax Credit
-Skilled labour force
-High quality of life
-Strategic West Coast location
-Low corporate and personal income taxes
-Targeted tax incentives
- ENJOY STRONG INDUSTRY SUPPORT
British Columbia is committed to providing a competitive environment for the interactive digital design industry. Industry-led associations work hand- in-hand with government to provide a wide range of supports, including marketing events, forums for investors and producers, and award celebrations.
- DigiBC (The Digital Media and Wireless Association of BC) fosters community, networking, and partnerships in the digital media industry by providing members with market intelligence, first notice of business opportunities, and promotional support. DigiBC is a member-supported non-profit organization. Visit www.digibc.org
- Creative BC supports and stimulates the development of British Columbia’s creative industries including film, television, animation, digital, virtual reality, and conventional media. It is an independent organization established by the provincial government with the mandate to expand and diversify the film, television, and media sector in British Columbia. Visit www.creativebc.com
- BC Tech Association delivers programs that help technology companies collaborate, learn, and grow. BC Tech Association helps members attract top talent, connect with partners and investors, learn from experienced coaches, and advocate to nurture the creative ecosystem. Visit www.wearebctech.com
- VR/AR Association is an international organization with a Vancouver-based chapter, designed to foster collaboration between innovative companies and people in the virtual reality and augmented reality ecosystem. Visit www.thevrara.com
- VIATEC (Victoria Innovation, Advanced Technology and Entrepreneurship Council) serves as the one-stop hub that connects people, knowledge and resources to grow and promote the Greater Victoria technology sector. Visit www.viatec.ca
Ministry of Jobs, Trade and Technology
999 Canada Place, Suite 730 Vancouver, British Columbia Canada, V6C 3E1
Phone: 604 775-2100
Fax: 604 775-2197
- THRIVING CREATIVE ECOSYSTEM
The increased interest provides an opportunity for Canada to harness some serious talent see more
Source: Times Colonist
U.S. tech workers more likely to job hunt in Canada, study shows
VANCOUVER — A new study shows U.S. technology sector workers are more likely than those in other industries to job hunt north of the border, and have increasingly been doing so after Donald Trump secured the presidency and assumed office.
"I think it's potentially a really big opportunity for Canada over the next couple of years," said Daniel Culbertson, an economist with Indeed, the job search site that produced the report.
The company's search data shows the average American looking for work on their site in a foreign country clicks on Canadian job listings for roughly 12 per cent of their total search.
For tech workers, the company says, that figure jumped to nearly 30 per cent for the six months ending May 2017. That's up about seven per cent from the same time last year.
The prospective employees gravitate to Ottawa, Toronto, Kitchener-Waterloo, Vancouver and Montreal.
The only place they're looking more frequently is India, which netted nearly 40 per cent of clicks, said Culbertson. After Canada, there's "a pretty big drop off," he said, with almost eight per cent of clicks going to jobs in the U.K.
American tech workers' growing interest in Canada is significant, said Culbertson, and likely due to Canada's strong economy and America's controversial president causing some tech industry insiders to at least entertain a move to the Great White North.
Searches spiked near the U.S. presidential election Nov. 8 and Trump's inauguration Jan. 20, the company's data shows.
While that interest fades as time moves farther past those high-profile dates, Culbertson said the political drama out of the White House continues to stay in some job seekers' minds.
The increased interest provides an opportunity for Canada to harness some serious talent, he said, as the prospective employees are seeking jobs that require high skills, like senior software engineer, or specialized abilities, like cloud engineer.
Codan is in serious growth mode with plans to expand its ranks by as many as 30 engineers. see more
VICTORIA, BC - March 31, 2016 - Codan Radio Communications is in serious growth mode in Victoria with plans to expand its ranks by as many as 30 engineers and double its production in the next five years.
Formerly known as Daniels Electronics, the company acquired in 2012 by Australia-based Codan Ltd., is looking for talent and said there’s no end of potential for growth.
“We are ramping up for future growth in the near to medium term,” said Charlie Stuff, Codan’s executive general manager. He said with spending in the U.S. now returning to normal levels, the market for Codan’s products has grown and the company is well placed to take advantage.
“The [land-mobile-radio] market is expected to grow globally by between 12 to 15 per cent over the next five years and we are in the midst of it with our technology, so it’s the obvious time for us to start investing in that technology and growing the business,” Stuff said.
Codan manufactures value-added electronic products for radio communications, metal detection and mining technology. It expects to expand its Victoria operation to 100 staff through the hiring blitz that kicked off this week.
It comes as a bit of a surprise to the parent company in Australia.
Donald McGurk, the Australia-based chief executive who was in Victoria this week, said when deep spending cuts hit the U.S. shortly after Codan bought Daniels for $24 million in 2012, they saw revenue “fall off the cliff” and had the firm looking at cutting expenses.
“But that [spending] has come back and it’s exceeded our expectations,” McGurk said, crediting local management, cost control and the sales team.
McGurk said the signs suggest Codan’s Victoria operation, bought to act as a springboard for the company into the North American market, will lead Codan Ltd. forward.
“As a company, we have decided this is the growth engine for Codan. We turn over between $150 million to $170 million a year and we see more potential in these guys here than we do in every other part of our business,” McGurk said.
In fact, McGurk went so far as to suggest the Victoria operation may have doubled in value since 2012, and he hopes that in the next three and a half years it does so again.
If Codan meets expectations, it will be because it broadened its product base and had the right team in the right place at the right time, Stuff said in an interview at the company’s James Bay plant.
“The core competency that resides here is immense and the market is directly south and east of us and we are right here,” he said. “When Codan acquired Daniels in order to establish a footprint in North America, it was in exactly the right spot.”
Ben Pearce, Codan’s North America regional sales director, said it has also come down off the mountain and broadened its appeal.
Daniels Electronics made its name designing and manufacturing customized digital and analogue radio repeater systems capable of working in extreme climates, such as mountain tops and other sub-zero locales.
“We were offering a small repeater device, and we still do that … but we are coming down into markets that are much bigger and that need more capabilities,” he said. “We are focused on the public safety markets, and as a close second homeland security.
“If you’d asked us five or six years ago, we’d say those were areas of interest for us, but we just dabbled. Now, those are the big growth sectors for us.”
Pearce said the company remains a well-kept Victoria secret because it doesn’t sell here, but it is doing a lot of exciting and innovative things that are making a big splash on the global stage.
“The old Daniels market we had is vastly changed. We still have the core values, but we’ve taken that and morphed it into something much bigger,” he said.
The company recruiting effort is focused on radio frequency engineering and software development that will support new product development across its portfolio.