your region for business...university of toronto 2018 turing award winner chief scientific advisor,...
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YOURREGIONFORBUSINESS
30分で学ぶトロントのスタートアップ・シーン
7月15日 (水)
SMBC (三井住友銀行) Taps into Toronto AI scene through MaRS DD Partnership
“SMBC says it wants to use the MaRS network of AI startups to accelerate its own digital
innovation strategy, exploring collaboration that can benefit its corporate clients in Japan.”
Samsung Opens AI Research Centre in Toronto
The center will strengthen the company’s resources in technologies such as artificial
intelligence and computer vision
LG Expands AI Research in Toronto
The company is establishing a partnership with University of Toronto to focus on AI research
for business-to-business applications
Uber Expands Research Centre Focused on Self-Driving Cars
The company announced a $200-million expansion of its self-driving vehicle centre in the city
HSBC Opens Global Data Centre of Excellence in Toronto
After a global search, HSBC has opened its first global Data Centre of Excellence in Toronto
citing the city’s interest and investments in AI and advanced machine learning
Babylon Health launches and expanding into Toronto
U.K.-based startup that utilizes AI for remote diagnosis has launched in Canada and
expanding its operations in the region
MAKINGHEADLINES
135 million people
within a 800 km
radius
400 km
TORONTO REGION AT A GLANCE
Population / 30,000,000
800 kmPopulation / 135,000,000
1,200 kmPopulation / 180,000,000
Washington DC
San Francisco
Peel
YorkDurham
Toronto
4th
6.4M
Largest City in
North America
Regional
Population
TORONTO REGION
$332B800k +
economy
businesses
of Canada’s GDP
MILLIONSof consumers accessible to
North American businesses
20%
CANADA’S ECONOMIC ENGINE
of Canada’s
head offices38%
CUSMA (Canada-US-
Mexico Agreement)
CETA (Canada-European Union
Comprehensive Economic and
Trade Agreement)
Tariff-free access to 47 countries
MARKET ACCESS 1.5 Billion
Consumers
$49.3T Combined GDP
CPTPP (Comprehensive &
Progressive Agreement for
Trans-Pacific Partnership)
Top Sectors include:
TECHNOLOGY
NORTH AMERICA’S MOST DIVERSE ECONOMY
CLEANTECH
FINANCIAL
SERVICES
LIFE
SCIENCES
FOOD &
BEVERAGE
ADVANCED
MANUFACTURING
GLOBALFINANCIALCENTRE 1
7th
2
Toronto Region
was named as the
First RMB
Trading Hub in
the Americas
Top 10 Global
Financial Centre
(GFCI, 2019)
2nd largest financial
services centre in
North America
TECHNOLOGY HUB
+ The Toronto Region is Canada’s largest technology
hub and the fifth largest in North America.
“God Father of AI” - Dr. Geoffrey Hinton
University of Toronto
2018 Turing Award Winner
Chief Scientific Advisor, Vector Institute
STARTUP ECOSYSTEM
+ 40%+ of Canadian
startup headquarters are
based out of the Toronto
region
+ No.1 in Canada in raising
capital
+ Home of 200+ Series B
or above startups
+ For startups, ideal for
scale-up
+ For corporations, ideal for
open innovation
GLOBAL TESTBED
“Facebook says
Canadians are highly
social and tech savvy […]
This is not the first time
that Facebook - which
also owns WhatsApp and
Instagram - has tested
products in Canada.”
– BBC News
VENTURE CAPITAL
2,018M 2,422M 2,179M 2,757M 3,560M 4,133M
300
338
412 403
525
469
Axi
s Ti
tle
Axi
s Ti
tle
2014 2015 2016 2017 2018 2019
Venture Capital Growth Canada
Investments Deals
Source: PWC MoneyTree Venture Capital Report 2019
All figures in USD
VENTURE CAPITAL
Toronto-based companies attracted
over $1.3 billion in venture capital
investment in 2018 & 2019 each year
MARS DISCOVERY DISTRICT
+ 2.5km2 downtown research park
and health innovation hub,
representing North America’s
largest urban innovation hub
(research institutes, venture
capital, hospitals, incubators)
+ Supports 1,304 start-ups across
Canada and houses over 6,000
workers and 150 companies
15
COLLISION CONFERENCE
San Francisco Bay Area
Seattle
Washington, DC
NY/NJ
LA/OCDenverSan AntonioBoston
Baltimore
Houston
Dallas/Ft. Worth
San DiegoCharlotteColumbus
AustinPortland
AtlantaHartford Raleigh-
Durham
Philadelphia
MinneapolisNorfolk
RichmondSalt Lake
City
Phoenix
ChicagoSt. Louis
OrlandoJacksonville
Detroit
Cincinnati
Tampa
Sacramento
Ft. Lauderdale
Kansas City
MilwaukeeNashville Rochester
MiamiIndianapolis
Pittsburgh
Cleveland Madison
OttawaToronto
Montreal Vancouver
55,000
65,000
75,000
85,000
95,000
105,000
115,000
125,000
135,000
Lab
ur
Co
st
Labour Quality
Tech Talent Quality vs. CostSource: CBRE Scoring Tech Talent (2018)
GOOD HIGH VERY HIGH EXCEPTIONAL
Note: Labour Quality indicated by the concentration of software engineers/developers with 3+ years of experience that have earned degrees from the Top 25 Computer Information Science programs in North America, including the top five in Canada, as rated by U.S. News, 2018.
SKILLEDWORKFORCE
Source: Statistics Canada Census 2016, U.S. Census Bureau and 2016 American Community Survey 2016
METRO OCCUPATIONS
New York 526,370
San Francisco Bay Area 464,762
Washington, DC 372,584
Toronto Region 323,540
Chicago 271,150
Boston 243,285
Dallas 229,204
Seattle 213,369
Philadelphia 191,087
Atlanta 186,360
METRO OCCUPATIONS
New York 580,524
Chicago 278,432
Washington, DC 261,411
Toronto Region 238,510
San Francisco Bay Area 238,419
Dallas 215,305
Philadelphia 183,010
Atlanta 180,356
Boston 174,979
Seattle 119,234
Computer, Engineering, and
Science Occupations
Business and Financial
Operations Occupations
19
DEGREES BYSPECIALIZATION
Source: Statistics Canada Census (2016), U.S. Census Bureau, American Community Survey (2016) 20
Engineering &
Other Related
STEM Fields
Computers,
Mathematics &
Statistics
Business
New York 855,268 301,265 1,162,741
San Francisco Bay Area 521,821 223,379 408,684
Toronto Region 377,645 103,535 348,160
Washington, D.C. 333,626 163,312 393,458
Boston 286,570 89,627 301,397
Atlanta 244,212 88,661 395,689
Seattle 233,817 90,342 193,319
Vancouver 135,765 31,675 116,060
WORLD CLASS INSTITUTIONS
World-renowned
universities, including the
University of Toronto
Internationally-recognized
colleges
Salary Comparison
Job TitleToronto
RegionSan Francisco Seattle New York Los Angeles
Director Technology 169,992$ 260,404$ 233,408$ 255,949$ 241,977$
Big Data Engineer 97,382$ 143,181$ 127,272$ 139,330$ 131,701$
Data Scientist 101,132$ 140,950$ 129,186$ 132,407$ 125,546$
QA Engineer 66,574$ 97,313$ 86,501$ 94,669$ 89,481$
Network Security Engineer 83,326$ 117,394$ 104,883$ 112,563$ 106,269$
DevOps Engineer 86,629$ 126,629$ 112,560$ 123,188$ 116,438$
Java Programmer 77,924$ 109,783$ 98,084$ 105,266$ 99,380$
Machine Learning Engineer 97,028$ 141,830$ 126,072$ 137,976$ 130,415$
Manager Software Development 112,564$ 166,217$ 147,746$ 161,784$ 152,934$
Platform Engineer 92,572$ 135,315$ 120,281$ 131,639$ 124,425$
Software Developer - Big Data 92,577$ 130,428$ 116,528$ 125,061$ 118,068$
Software Developer Android 84,381$ 118,881$ 106,212$ 113,989$ 107,615$
Software Engineer 89,879$ 131,379$ 116,783$ 127,810$ 120,806$
Software Engineer Machine Learning 97,028$ 141,830$ 126,072$ 137,976$ 130,415$
Statistical Analyst 82,074$ 114,389$ 104,842$ 107,456$ 101,888$
UI Developer 73,640$ 103,747$ 92,691$ 99,478$ 93,916$
User Experience Engineer 94,521$ 138,165$ 122,815$ 134,411$ 127,046$
Data above represent mean base salaries. Salaries are in USD ($1 CAD = $0.77 USD).
Source: ERI Salary Assessor, accessed January 2020.
WE ARE BUSINESSFRIENDLY
+ Low corporate taxes
+ Little red tape
+ Low risk, educated
workforce
+ Economic, social and
political stability
+ Strong government
support
+ Toronto R&D ecosystem fostered by
collaboration of industry / academia /
government
+ Ideal testbed for the global market
+ Access to world-class talent
+ Affordable business operation costs
+ Business-friendly environment with
strong government support
CONCLUSION
+ FDI attraction organization representing the
Toronto Region (includes 24 municipalities)
+ Funded by Federal, Provincial and Municipal
governments
+ Complimentary Services
+ Industry and market research
+ Benchmark analysis
+ Advice and guidance on market entry and entity set up
+ Connections to ecosystem, industry expertise and other
relevant local potential partners
+ And much more
TORONTOGLOBAL
Toronto [email protected]@Toronto_Global
Johnny TanDirector – Investment Attraction, [email protected]
Catherine LeeAdvisor – Investment Attraction, [email protected]