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British Columbia Technology Report Card: Tackling the scale up challenge

2020 British Columbia Technology Report Card

The 2020 edition offers insights into the state of BC’s tech sector.

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George D. Kondopulos

Partner and Greater Vancouver Area Industry Leader, Technology, Media and Telecommunications

KPMG in Canada

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The British Columbia Technology Report Card: Tackling the scale up challenge, published in collaboration with the BC Tech Association, compares the BC technology sector's progress since the 2018 edition, gathering insights from industry executives, analyzing the economic impact of the sector across multiple dimensions, and better understanding the impact that the COVID-19 pandemic has had on the tech sector.

Key findings of the 2020 report include:

  • BC's tech sector continues to see growth across multiple economic indicators including GDP, revenue and jobs, which are growing faster than comparable Canadian provinces
  • Although BC's tech sector is experiencing strong growth, there is still potential for continued growth and expansion as it remains relatively small when compared to similar regions in the United States
  • BC's start-ups are maturing, but the province has difficulty fostering and retaining large anchor firms, and continues to be dominated by small firms
  • BC's talent pool has increased with growth in both tech graduate and undergraduate degrees per capita and continued availability of foreign talent; programs such as the Global Talent Stream have streamlined the process to access highly-skilled global talent.
  • R&D expenditure has increased significantly, but BC remains below the national and OECD averages in terms of R&D expenditure as a percent of GDP

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