Wedotech

Technology Industry is Canada’s Fastest Growing Economic Sector

Canada’s technology sector is a major economic driver and will continue to grow in importance. As the world moves closer towards a digital economy, technology-based companies will become essential to driving GDP, providing high-paying jobs, and innovating a variety of other industries.

Canadian tech firms invested $9.1 billion on innovation in 2015.
Public and private investments in Canada’s technology industry will continue to improve the competitiveness of Canadian firms on a global stage. Startups and mature businesses both have a role to play in the development of advanced technologies, and ultimately more investment is needed to help companies compete on a global scale. Failure to provide this critical investment will result in hindered economic performance.

Canada’s Technology Industry: By the Numbers

According to the Brookfield Institute for Innovation + Entrepreneurship’s (BII+E) State of Canada’s Tech Sector 2016 report, Canada’s tech industry consists of 71,000 companies operating coast-to-coast, and employing 864,000 Canadians (5.6% of the country’s workforce).

The Brookfield Institute for Innovation + Entrepreneurship also reports that:

Canada’s tech sector provides high-paying jobs, with an average salary of $67,000 compared to the national average of approximately $48,000.
69% of Canadian tech firms have only 1-4 employees, yet the sector is responsible for generating 7.1% ($117 billion) of Canada’s total economic output.
Information and communications technology (ICT) firms make up the majority of the tech sector’s economic output, contributing 61.2% of the total, while employing 55% of all Canadian tech sector employees.
As can be seen in the chart from BII+E’s The State of Canada’s Tech Sector 2016 report, the technology sector remains larger than various major economic sectors, including Finance & Insurance, Wholesale Trade, Retail Trade, Agriculture.

Wedotech We are a Canadian firm dedicated to providing technology staffing for small and medium businesses

We are a firm dedicated to providing technology staffing for small and medium businesses. Our aim is to provide you with that much needed time to focus on developing your business, strengthening relationships, and increasing efficiency.
Our core values are:

Be Honest
Be Humble
Be Entrepreneurial
Be Service Oriented
Be Able to Admit Mistakes
Be Involved in the Community

We create customized solutions to our customers, as we know every business is a different world. Whether you start hourly with a few employees and work your way up to a complete team, or start right off the bat with a full-time employees, our supervisors and project managers will make sure that this important transition is a success. The possibilities are endless. You’ll be saving money on salaries, benefits, office space, recruiting fees, etc. Our current customers are saving up to 75% when outsourcing their teams to WeDoTech.

Our goal is to make your business grow. Our experience has shown us that the best strategy is to work with the same passion and dedication that our clients have for their businesses. We have a fast-learning team with a wide variety of expertise and capabilities that are committed to help you and your business to go to the next level.