Nanaimo becoming popular place for technology companies to do business.
Behind a downtown Nanaimo storefront there is a shift happening to the Nanaimo economy.
“And this is where young entrepreneurs innovate. They collaborate, they learn from each other, and they’re creating new ideas and potentially new jobs” Nanaimo mayor Bill McKay told CHEK News.
This is the second anniversary celebration of Square One, Nanaimo’s high tech incubator, home to several technology companies that along with others in the Nanaimo region are putting the area on the technology map in BC.
“This space allows companies to interact with each other learn from each other. It really creates that community, collaborative approach that is so important to the tech sector” said John Hankins of the Nanaimo Economic Development Corporation.
One of the companies that uses Square One is iDUS which has designed sensors that can be used in agriculture practices around the world.
While another, Inuktun Technology has designed remotely operated systems for small, confined spaces.
“They’re out there, they want to be entrepreneurial. They’re very very bright and very dedicated to their work, hence they’re the ones coming up with all the new ideas that are putting BC on the map” added McKay.
The area’s growth has even caught the attention of BC’s Minister of Technology and Innovation Amrik Virk who says the overall tech sector growth in BC continues.
“It’s one of the fastest growing sectors in the economy and the wages are 60% higher than in other sectors so it’s going to be an even more and more important part of the diversity of our economy” said Virk.