Technology & Innovation
The government of B.C. is committed to supporting B.C.’s technology industry with the tools, funding and resources needed to stimulate economic growth and create jobs.
B.C.’s technology sector supports process innovations, new product development and new business models, helping B.C. companies build on their competitive advantages and facilitating entry into new markets. This, in turn, supports the creation of high-paying jobs across the province that give families economic stability and build vibrant communities for future generations.
The Ministry of Jobs, Trade and Technology works across government, with industry and B.C.’s post-secondary institutions to advance innovation and support industry growth. The ministry also has responsibility for Innovate BC, a Crown agency responsible for the policy, administration, operation, and delivery of programs that support innovation, entrepreneurship and business development in the technology sector. Innovate BC delivers programs and offers tools, resources and guidance to entrepreneurs and companies to encourage the development and application of advanced technologies.
In 2016, the Government of B.C. launched the #BCTECH Strategy to support the creation of jobs and boost key BC Jobs Plan sectors. The technology sector is a major engine of economic growth in B.C. providing over 100,000 jobs and generating more than $81.6 million in annual revenues.
For more technology sector statistics, see BC Stats’ High Technology Reports and Publications.
In order to build on that momentum and support the sector, the strategy focuses on three strategic pillars:
- Improve access to capital and continue supporting our competitive tax system and research environment
- Deepen the B.C. technology talent pool
- Make it easier to access new markets
Funding and Investments
British Columbia supports research and development, technology and innovation through funding, promotion, connections and business support. B.C.’s major research infrastructure funding program is the B.C. Knowledge Development Fund. The Province also funds organizations that support innovative sectors of the economy and advance research in areas of provincial priority.