Canada's Innovation Corridor Business Council
Canada’s Innovation Corridor Business Council is a collaboration of business communities along the Greater Toronto Hamilton Area to Waterloo Region corridor. Led by a dedicated working group of corridor chambers of commerce and boards of trade, collectively, corridor business communities generate more than $360 billion in annual GDP.
Working together, the Business Council focusses the collective strength of business communities along the corridor to develop its many assets, building a world-leading centre of business and innovation. At the centre of Canada’s knowledge-based economy, the Council convenes and facilitates essential connections that enable regional economies to better shape change, navigate it and compete on a global scale.
Through its research and advocacy, and co-chaired by the CEOs of The Toronto Region Board of Trade and the Greater Kitchener-Waterloo Region Chamber of Commerce, the Business Council’s primary focus is:
1. Transit and Transportation Connectivity:
Collective advocacy for effective transit and goods movement solutions that enable seamless connection between tech hubs, academic institutions and companies throughout the innovation corridor.
Nurturing talent along the corridor and connecting with solutions available through academic institutions, innovation centres, the private sector and progressive immigration policies.
3. National and Global Awareness
Canada’s Innovation Corridor is a global centre of talent, growth, innovation and discovery. Creating awareness of this asset is essential for it to meet its full economic potential.
Did You Know
Rivalling the best in the world, Canada’s Innovation Corridor is the second largest technology cluster in North America. Significant clusters exist in Advanced Manufacturing, Information and Communication Technologies; Food & Beverage; Logistics; Finance and Business Services.
The regional economic relationship and distance between the Greater Toronto Hamilton Region and Waterloo Region is similar to other global innovation hubs like the US’ San Francisco and Silicon Valley, the UK’s London and Cambridge, and Israel’s Tel Aviv and Haifa.
With a population of more than 6.2 million, the corridor is where talent is nurtured and welcome. More than 150 languages are spoken and 16 post-secondary institutions located along the corridor serve more than 423,000 students.
There is a critical mass of universities and incubators to supply the needs of a growing cluster. They include: University of Toronto, McMaster University, University of Waterloo, Wilfrid Laurier University, York University, Ryerson University, Sheridan College, Conestoga College, Mohawk College, Algoma and University of Guelph.
Startup incubators include: Communitech, MaRS, Velocity at University of Waterloo, DMZ at Ryerson, NEXT Canada, Lab-B, and Creative Destruction Lab at Rotman School of Management, along with several other University of Toronto and regional entrepreneur centres