Toronto set to become global tech hub within four year

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TORONTO: Toronto is set to become one of the world’s leading technology innovation hubs over the next four years, says the annual Global Technology Innovation report by KPMG International.

Toronto is the only Canadian city to be ranked as a world-leading tech hub of the future.

According to Anuj Madan of KPMG in Canada, “Toronto has been rapidly grabbing the world’s attention as a destination for financial and intellectual capital in technology innovation.

“Only a couple of years ago, Toronto likely didn’t come up in conversations as a go-to global destination for innovation. But smart and early investments in artificial intelligence and fintech, coupled with a diverse workforce, have positioned the city as an emerging global centre of influence in machine and deep learning, setting the stage for Industry 4.0.”

Home to a dynamic ecosystem with more than 4,000 active start-ups, the city created over 22,500 new tech jobs from 2015 to 2016.

In fact, six per cent of global leaders said Toronto is outpacing the competition as it competes with Silicon Valley and San Francisco for its entrepreneurial culture.

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