Toronto's Explosive Tech Boom
Boom! Toronto’s Explosive Tech Scene Gains Even More Momentum
It isn’t just that Microsoft announced the expansion of their Canadian headquarters in Toronto’s downtown. Or that for the first time, Pinterest has expanded its platform outside the United States with its October 1st opening of its Toronto office. Or that Nvidia will triple its number of researchers in its newly announced Toronto AI lab, or that Instacart, the online grocery app, is transforming its Toronto office into a tech hub and adding 200 new jobs, or that UBER’s new engineering hub will expand its self-driving R&D lab. It’s that all these announcements (and more), worth $1.4 billion, have been made in the past 30 days, a clear indicator that Toronto’s tech boom shows no signs of slowing down.
Toronto has emerged as one of the world’s fastest growing tech markets; indeed, it’s the 3rd largest in North America with some 14,000 tech companies and 65+ incubators, not to mention, the only city in Canada to make the shortlist for Amazon’s HQ2. The growth of the city’s tech sector outpaced New York City and San Francisco combined in 2016. Based on that growth rate, Toronto will have more technology jobs than Silicon Valley within two years.
When it comes to the Tech sector, Toronto has it all going on. Which is why, when international tech organizations are seeking a conference location, Toronto tops the list. With organizations such as Business Events Toronto, Toronto Global and the Toronto Leader’s Circle helping provide access to local sponsorship and thought-leaders, attendance-building tools and industry networking opportunities, the city is one conference destination that can influence and shape conference content. And then there’s the rest: a sophisticated, cosmopolitan urban centre with a culturally diverse population, a history of openness and acceptance, major-league NHL, CFL, NBA sports, Broadway-bound theatre, palette-bending culinary scene and nightlife galore. Toronto plates up ingredients delegates crave.
With Toronto’s Pearson International Airport recently listed the 5th most connected airport in the world (2nd in North America), it’s easy to get here from almost everywhere. With the Metro Toronto Convention Centre, at 600,000 sq. ft, the largest convention centre in Canada, and the 1,000,000 sq. ft. Enercare Centre, the largest exhibition space in Canada, it’s easy for conferences such as Collision, North America’s fastest growing tech conference, to relocate to Canada’s downtown.
In a recent article on the Collision Conference, Johanne Bélanger, President and CEO of Tourism Toronto, noted how Toronto’s Tech scene is shaped by global events hosted here, "Hosting a conference of this magnitude demonstrates how meetings and events can be a powerful catalyst for economic development for sectors like technology and innovation, showcasing and elevating the booming tech industry, people and companies that have made the Toronto region a tech powerhouse."
Learn more about meeting in Toronto, here.