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Vancouver Island Advanced Technology

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#1 Ms. B. Havin

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Posted 02 December 2006 - 06:10 PM

Interesting article in today's T-C [url=http://www.canada.com/victoriatimescolonist/news/business/story.html?id=0cc0cb5f-7511-499f-ab67-e2ed9ec70c6b:976d3]about the Tech Park's economic impact here[/url:976d3]. I'll post just a few excerpts (the article is fairly long):

Tech park impact hits $280 million -- University of Victoria technology centre eyes major expansion to reap additional rewards

Darron Kloster
Times Colonist

Saturday, December 02, 2006

Richard Glickman runs a global business in a relatively small town.

But the chief executive of Victoria's Aspreva Pharmaceuticals says recruiting world-class employees to the drug redevelopment company isn't as difficult as it would appear.

As one of the main tenants in the University of Victoria-owned Vancouver Island Technology Park, Glickman said being intertwined in a cluster of 28 companies and more than 1,300 employees in a campus-style setting creates a destination that makes it easier to draw a skilled workforce to the region.


The tech park, purchased by UVic a year ago with the proceeds of the estate of longtime Victoria businessman Michael Williams, released its first economic impact study yesterday.

The impressive results are pointing to further expansion on the 35-acre property in rural Saanich.

The 53-page report covering the 2005 fiscal year showed the tech park contributed $279.9 million to the local and provincial economy, including $160.2 million in direct sales and almost $42 million in federal, provincial and civic tax revenues.


VITP vice-president Dale Gann said the economic impact study paves the way to begin expansion at the site within the next two years. He said plans are being draw up for the next 60,000 to 70,000 square feet, which will be attached the current 165,000-square-foot layout. And there is room for at least another 180,000 square feet at the site.


Saanich Mayor Frank Leonard said infrastructure is essential for a healthy economy and it's the duty of today's politicians to make sure future generations have the facilities. Leonard said in the 1980s when interest and unemployment rates were running in double digits, Victoria " was a place where old people came to look after their parents. That has changed."

On expansion, Leonard said, "We'll find a way to make it happen ... business people, keep the pressure on public people so we know what you need so the economic infrastructure is there for the future."

UVic president David Turpin pointed to the tech park's double edge of providing students with jobs and business opportunities and the overall impact on the community and province. "The tech park has more than lived up to our expectations," he said. "The study is clear evidence of the tremendous impact that the cutting-edge research and technology transfer activity at VITP is having on communities on Vancouver Island and beyond." He added continued economic growth supports the case for "significant expansion" that will create more jobs and economic gains.

Karimah Es Sabar, executive director of B.C. Biotech, said the tech park has become a leading example how the clustering of companies can stimulate innovation and the building of "critical mass" in technology industries.

Troy Griffiths, CEO of Vigil Health Solutions which designs software and hardware for the elder care industry, agrees. His staff of 25 interacts on a regular basis with other company employees. "From telling war stories to getting new ideas, this is a great place to have a company," says Griffiths. "You feed on the energy around here."


For the rest of the article, click through to [url=http://www.canada.com/victoriatimescolonist/news/business/story.html?id=0cc0cb5f-7511-499f-ab67-e2ed9ec70c6b:976d3]this page[/url:976d3]...

It includes a bunch of stats, too.
When you buy a game, you buy the rules. Play happens in the space between the rules.

#2 Rob Randall

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Posted 12 June 2009 - 11:07 AM

TC Business news:

Dale Gann has been promoted to president of UVic Properties Investments Inc., the organization that manages the Vancouver Island Technology Park in Saanich and the Marine Technology Centre in North Saanich.

Gayle Gorrill, the university's vice-president of finance and operations, cited Gann's pivotal role as manager of the technology park since UVic acquired the property in 2006, saying his "expertise and passion for the parks will continue to provide benefits to UVic and the broader community."

The two parks -- home to 41 businesses that employ 1,350 workers -- play a big role on UVic's bottom line and educational operations by linking provincial, national and international resources with emerging or growing technology companies.

Gann says "it's rewarding to be involved in a project that not only creates significant economic benefits for our community, but also provides an atmosphere that melds academia, government and business in a manner that can transform an idea into a commercial success."

"[Randall's] aesthetic poll was more accurate than his political acumen"

-Tom Hawthorne, Toronto Globe and Mail

#3 SusanJones

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Posted 20 October 2016 - 05:46 AM

".....A group of external experts advising Finance Minister Bill Morneau will recommend several proposals in the coming months to improve on Canada’s chronically poor record of turning cutting-edge science into prosperous technology giants."


".....the council is calling for a 50-per-cent increase to immigration levels and to make it easier for skilled foreigners to move to Canada; to create an “infrastructure bank” that would develop and finance infrastructure projects; and to build a new department to pursue more investment here by foreign firms.

But sources close to the council say it will shift its focus to innovation policy for its next set of ideas to generate economic growth. Its recommendations are expected to include:

  • Pushing government to buy more from startups;
  • Creating an “Innovation Marketplace” modelled on Germany’s successful Fraunhofer Society, where industry and research bodies would work together to commercialize cutting-edge technology;
  • Developing a “growth fund” that would finance emerging tech firms past the startup phase; and
  • Overhauling the government’s myriad programs for subsidizing companies, including possibly changing the biggest, the $3-billion-plus Scientific Research and Experimental Development tax incentive program, which allows tech firms to claim tax credits for hiring engineers. Many tech firms love SR&ED, but critics say it is too unwieldy and offers “indirect” aid too broadly to any applicant, whereas more “direct” subsidies would target firms with a better chance of succeeding.


Edited by SusanJones, 20 October 2016 - 05:46 AM.

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#4 victoriassecret

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Posted 24 October 2016 - 04:24 PM

More subsidies for Quebec guaranteed. Probably delivered via paper bags


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