Drawn by favorable government policies, a deep talent pool backed by world-class educational institutions and proximity to Silicon Valley, Vancouver has lured some of the world’s largest technology companies.
The arrival of these tech heavyweights has unleashed a ripple effect boosting startups in Vancouver and the rest of B.C. as expertise and capital flow from these newcomers, according to Ernst & Young’s B.C. technology sector leader Richard Mockett.
Successful entrepreneurs are regularly teaming up to provide the next generation of entrepreneurs with guidance and funding.
“What that does is creates a sort of cluster effect,” says Mockett. “There’s a lot of entrepreneurs spending a lot of time, capital, and experience in developing the next generation of entrepreneurs… It’s just phenomenal to see the energy, the passion, the whole community is bringing to B.C.”
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Frequently Asked Questions
Why have large tech companies been drawn to Vancouver?
According to the article, favourable government policies, a deep talent pool backed by world-class educational institutions and proximity to Silicon Valley have lured some of the world's largest technology companies to Vancouver.
How have tech heavyweights affected B.C. startups?
Their arrival unleashed a ripple effect, with expertise and capital flowing from these newcomers to startups in Vancouver and the rest of B.C., according to Ernst & Young's Richard Mockett.
How are successful entrepreneurs supporting newer ones in B.C.?
Successful entrepreneurs regularly team up to give the next generation of entrepreneurs guidance and funding, spending their time, capital and experience on developing new founders.
What is the cluster effect Richard Mockett describes?
Mockett used the term for what happens when many experienced entrepreneurs invest time, capital and experience in the next generation, building energy and passion across the whole B.C. tech community.
Who is Richard Mockett?
Richard Mockett is Ernst & Young's B.C. technology sector leader. Mockett described the ripple effect that large tech companies have had on startups across the province.