TORONTO, Nov. 29 /CNW/ - The Toronto Region has many more companies on
the Branham Top Technology 50, Deloitte Fast 50 and Profit Magazine's Hot 50
lists than any other region in Canada.
Sixty-two per cent (31) of Profit Magazine's Hot 50 and 52 per cent (26)
of the Branham Top Tech 50 companies are located in the Toronto Region which
encompasses Durham, Halton, Hamilton, Peel, Toronto, Waterloo, Wellington, and
York regions. Forty-two per cent (21) of the businesses on the Deloitte
Technology Fast 50, which ranks the country's 50 fastest-growing technology
companies, are based in the region. (See linked chart with <a href="http://www.igloo.org/community.igloo?r0=community-download&r0_script=/scripts/document/download.script&r0_pathinfo=%2F%7Bd467c1bb-e8ea-4579-b6b1-94652a4f4538%7D%2FToronto%20Region%2Ftorontor%2Feconomy%2Ftopcanad&r0_output=xml">rankings</a>)
"The Toronto Region significantly outperforms other parts of Canada when
it comes to small business start-ups, fast-growing technology companies, and
top technology companies," said Courtney Pratt, Chairman and CEO, Toronto
Region Research Alliance (TRRA).
The Branham and Deloitte technology rankings also support the findings of
a study conducted by the IBM Global Location Strategies Team earlier this
year. The report found that the region's information and communications
technology (ICT) sector ranks with world leaders and finishes well ahead of
the pack in digital media. Other technology strengths include semi-conductors,
distributive computing, systems design, artificial intelligence (machine
learning), networking and communication, knowledge representation/natural
language processing and photonics.
"The region has the expertise that today's high-tech companies want and
need to stay competitive - but we can't afford to be complacent," said Mr.
Pratt. "We have to focus on producing graduates with advanced engineering and
business degrees because these skills are critical to increasing the quality
of the region's innovation offering in technology and other sectors."
With a GDP of $323 billion and 7.2 million people, the Toronto Region has
an advanced, diversified economy that is home to well-established,
research-intensive industry clusters, including North America's second largest
financial services and automotive clusters, third largest information and
communication technology cluster, and sixth largest bio-pharmaceutical
Launched in 2005, the Toronto Region Research Alliance (TRRA) is an
innovative network of regional leaders engaged in transforming the Toronto
Region into a world-leading centre for research and research-intensive
industry. The board of directors is composed of presidents, chief executive
officers and senior leaders from businesses, universities, colleges, and
research hospitals across the region. TRRA is a results-oriented, non-profit
organization supported by a wide range of regional stakeholders and the
governments of Ontario and Canada.
For more information, please visit www.trra.ca.
For further information:
For further information: Ruth Lewkowicz, Director of Marketing and
Communications, (416) 673-6686 or firstname.lastname@example.org