The roots of Innovation in Canada can be traced back to the 18th Century during the Europeans’ arrival. The advancement of technology and science in Canada is intertwined with technological advancement in the United States of America. For example, the inventor of electricity is highly attributed to one Henry Woodward, a Canadian citizen, who sold the inventions patent to a scientist in the united states. Concurrently, Graham Bell undertook his basic telephone operations in his home in Toronto before leaving for Boston.
General Motors of Canada was established in the 1920s during the automobile era, a company venture that demonstrated its parent company’s success. Similarly, the Canadian Research center council, founded during the world war I, was instrumental in creating aerospace technologies, a technology that brought World War I to its end.
As Canada attained its self-reliance, companies such as Bell Corporation and Blackberry became pacesetters in their respective spaces. During the 21st Century, Canada, as a nation, contrived titanic strides en route to advancing its artificial intelligence and digital communication sectors.
Canada’s quantum and cloud computing industry is also gaining momentum; thus, its friendly government policies and an influx of labor. Canada has one of the best web hosting companies in the industry, which are at per with the best web-based hosting companies in the United States.
At the moment, there are 140 Small to Medium-sized companies in Canada that are backed by the National Institute of Nanotechnology; forasmuch as 50% of research spending in Canada is committed to industrial research. Although the hosting web sector constitutes a small fraction of 140 medium-sized enterprises, the industry undoubtedly contributes to the nation’s economic prosperity.
Canada’s Technology industry of the 21st Century
Canada is turning into one of the most fertile platforms for the high-technology industry’s design and development. According to up-to-date statistics, the Internet of Things (IoT) contributes up to $6.5 billion in revenue towards the Canadian economy solely. This comes with no surprise given Canadian Cities act as the modern beacon of hope to upcoming tech workers migrating to Canada in large numbers.
The other reason is the fact that the Canadian economy is welcoming to investors and vendors. Due to the country’s social, economic, and political upheaval, it is favorable for IT workers to migrate to Canada from the United States and other foreign countries. IT personnel’s shift and view are turning the country into a global power catalyst for mobile and cloud computing technology.
In 2018, Canadian cities such as Montreal, Vancouver, and Toronto made it to the world’s most performing cities. Simultaneously, other cities such as the waterloo are progressively turning into an information technology hub. According to recent statistics, tech investors and firms that influx of skilled talent in Canada will match the shortage of 200,000 workers.
Conclusion
Canada is turning into a technology hub due to its lenient immigration policies, effective workforce, and world-class research centers. The Canadian government has played an important for making this possible through their ability to create a friendly and conducive environment that fosters innovation and research. Only time will tell if Canada will compete with Europe, China, and the United States.
