Amazon Leases 1.1m SQuare feet office space in Vancouver

Amazon had decided to go all out with its lease of 1.1m of square feet space downtown Vancouver.

Their office will take the entire block and will house thousands of IT workers right downtown Vancouver.

This is the first major deal for Amazon after it decided to back away from their HQ2 in New York City.

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Amazon employs over 6,000 employees in Canadian cities such as Toronto, Montreal and Vancouver.

Right now Amazon is using about 300,000 sq ft in Vancouver employing around 1,000 employees.

Amazon always claimed that it wants to add another 5,000 employees in Vancouver but with office space of 1.1m – it can easily house at least 10,000 employees.

The offices should be ready around 2022 / 2023.

Also recently Microsoft leased 69,000 sq ft and gaming company Kabam leased 105,000 sq ft. As you can see it is nowhere near Amazon’s 1.1m space.

Security Firm OneSpan Opens R&D in Montreal

Security firm from Chicago is opening a center in Montreal to do their R&D. They will be investing $9m to operate the center there.

This is on top of their existing office there where they employ 150 employees. This new addition should add another 100 hires.

Company claims to have over 10,000 clients and employs over 600 employees worldwide.

Data breaches, identity theft, and financial fraud have become all too common features of our modern digital life. OneSpan is dedicated to protecting people from financial fraud and stopping billions of dollars in losses for consumers, banks, and businesses.

Our new Montréal R&D centre and the city’s world class technical talent will play a prominent role in ensuring OneSpan remains at the forefront in preventing fraud in the global financial services industry.

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Scott Clements

Chief Executive Officer, President, and Director at OneSpan

This is a big win for Quebec government who had their share of controversy in the last few months. This shows that current Quebec government can attract foreign investment into the province.

Eric Girard, Quebec’s Minister of Finance, said that “It is essential to develop high-level expertise in personal data and information protection in Québec. Cybersecurity and data protection remain a priority of our government.”

Montreal is well known in the world for its amazing game development contribution with companies like Ubisoft and Eidos. Now they can add two more to their list: artificial intelligence and cyber security.

It is impressive to see that Montreal IT work-force has increased from 100,000 to 150,000 in less than a decade.

Toronto Is The Best City To Launch Startup In Canada, 8Th In The World

Toronto is once again has been named as one of the best cities in the world to start your tech startup business.

Experts at Movinga, online platform-based moving company, have crunched the numbers and named Toronto as one of the best cities to launch tech startup in the world.

Movinga looked at 75 cities around the world and ranked them based on their “entrepreneurial spirit, business opportunities and economic growth”. They also looked into “looking into startup costs, opportunities for female founders and the typical timeframe for setting up a new business”.

Top three cities for tech startups were San Francisco, London and New York City.

Toronto was the only city in Canada that made the top 10 list.

The main industries for growth in the tech/digital venture category is one of the most interesting datasets in this study. With Artificial Intelligence taking top spot and Blockchain making a noticeable appearance, digital entrepreneurs are clearly leveraging future-facing technologies more than ever.

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Marta Blanco Amez

Vice President of Marketing at Movinga

Vancouver and Montreal were among other Canadian cities that made the overall list. Vancouver was #16 and Monteal was #32.

Toronto and Montreal were highlighted as great cities for Artificial technologies while Vancouver was commended for great Block-chain technology use.

Cities were scored on the following criteria

Tech Ecosystem
This score indicates the digital business ecosystem available in a city by analysing the number of existing companies recently launched.
The Tech Ecosystem score is based on the number of recent startups and for the purpose of this study, a startup is defined as a company founded after 30/6/2017.

Human Capital
This score indicates the available tech workforce.
Human Capital consists of the average number of people working at a startup in technology-related and digital businesses. Additionally, it contains the current number of job vacancies for developers. For the purpose of this study, a startup is defined as a company founded after 30/6/2017.

Venture Capital
This score analyses how many companies have received venture capital to evaluate the funding environment in the city.
The score indicates the sum of the (publicly available) amount of funding that technology-related and digital startups received. For the purpose of this study, a startup is defined as a company founded after 30/6/2017.

Main Industry for Growth
This factor reveals the most popular type of startup in the city.
The results are the category/categories with the most startups in a city. For the purpose of this study, a startup is defined as a company founded after 30/6/2017.

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How tech startup scene in Toronto , Montreal and Vancouver stack up

In overall tech ecosystem Toronto was #7, Vancouver #16, Montreal #32.

When it came to availability of tech staff to do the job , Vancouver was the ranked the best in Canada at # 24 , Toronto #39 and Montreal was at #42.

Easiest cities in Canada to raise money for technology startups were: Toronto at #22, Vancouver at #27, and Montreal at #31.

Surprises?

It was surprising to see Sao Paulo Brazil and Singapore making it in the top 10 list.

It was interesting to see Tallinn as top of the cities for availability of great tech talent.

And less of a surprise it was striking to see that Beijing and Shangai beat New York when it comes to VC money. You would think New York would be #1 in this.

Top List For Technology Ventures