North American Tech Talent Tour, Stop 1: Toronto
|Thinking of changing career but recent travel restrictions got you down? Worry no more, VTRAC is taking a virtual trip across North America to find the most promising up-and-coming tech hubs, and we’d love for you to come along.
First stop, Toronto!
In recent years, the city of Toronto has added more tech jobs than San Francisco and New York combined, with a consistent growth rate of around 54% since 2013. So, what has led to this success?
Starting-up AI (in more ways than 1)
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Startup accelerators and incubators in Toronto also play a big role providing young tech companies access to capital, peer support, networking and mentorship.
In addition, the city is home to one of the word’s largest technology innovation hubs, the MaRS Centre. With 1.5 million square feet of space for technology enthusiasts to work in, it’s no wonder that an estimated 2,700 tech start-ups are currently operating in Toronto today.
Maybe size does matter…
With a current growth rate of 54%, extrapolations from the CBRE 2019 Scoring Tech Talent report show that, with respect to talent, at current growth rates, the GTA would surpass the Bay area in the availability of tech jobs in only five years. Granted, 54% is a strong growth rate to hold on to, but given the reasoning for the growth so far in this article, we don’t think it’s too far-off.
Interested in innovation and building your tech team in Toronto? We can help, let’s chat.