Jonmichael Moy on Getentrepreneurial.com

It doesn’t take predictive technology to get a good picture of where Toronto is heading in its drive to become the Silicon Valley of the North. The trends are in place and specific developments underway that are speeding the region’s transformation. In a decade, maybe less, we’ll be there.

Toronto boasts a robust ecosystem that’s keeping the city and region healthy:  With major educational centers and incubators, improved access to funding and an attractive regulatory environment, there’s a solid base for growth. Indeed, tech jobs in the region have expanded by 14.6 percent since 2012 to 400,000, twice the pace of the rest of Canada. By 2020, some 20,000 more tech jobs are expected to be added, according to a report by Tech Toronto.

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Toronto’s Hot Tech Sector

While Canada generally and Toronto specifically may not yet be ready to replace the United States and San Francisco as the leading hotbeds for tech innovation, they’re coming up fast.

There’s a lot on the plus side: Top-notch schools, with their incubators and accelerators. The requisite skilled workers, with pay scales and benefits to attract and keep them. Growing levels of investment make a difference, along with an overall environment for working and living that ranks up with the best.

And even better, there’s the charismatic Prime Minister Justin Trudeau out there selling Canada’s message of inclusiveness and tech readiness. It’s a welcome one in the face of the doubt and uncertainty being sowed in the United States by an America-first president who would close off borders to Muslims and others.

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Tech Execs Agree Toronto Becoming Silicon Valley of North

If you’re looking for the next technology boom town, you’d do well to look north of the border, as Toronto is seeing sharp growth in startups and employment in the tech sector.

AskforTask Vice President of Operations Jonmichael Moy predicted that Toronto will be the Silicon Valley of the East Coast in a recent Young Upstarts Q&A, saying “There is a growing vibe and energy in the tech scene. You can see it in the many companies now based out of Canada and their growth.”

Moy believes this momentum will continue, thanks to easier access to venture capital funding and to the rich talent pool coming from universities and institutions in Canada.

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