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PwC Announces 2012 BC Techmap Tracking Technology Sector Genealogy and Growth
Friday, June 15, 2012Company Profile | Follow Company
Vancouver, BC, June 15, 2012--(T-Net)--The British Columbia technology sector is showing continued growth, innovation and diversification, in spite of uncertain economic times, according to new research released by PwC.
“PwC is excited to deliver this Beta version of the 2012 PwC BC Techmap, which provides a dynamic online resource for the technology industry, investors, government and other stakeholders, plus a valuable history of the BC technology sector,” said Michael Calyniuk, partner at PwC and leader of PwC's Techmap initiative. “PwC has invested considerable resources in the BC Techmap since 1997 as we strongly believe technology is a very important part of the BC economy. Technology companies bring innovation, investments, education options, stable and interesting employment opportunities to our province.”
The Beta version of the 2012 Techmap shows approximately 1400 technology companies, related research and educational institutions in BC, which is about 48% growth from the 942 shown in the 2003 edition of the BC Techmap.
In 2011 BC's technology sector employed approximately 89,000 people, accounting for about 4% of provincial employment. Since 2003 employment in the technology sector grew at a yearly average of 3.2% per year, compared to the average annual employment growth of 1.7% for all of BC. (Source: BC Statistics, British Columbia High Technology Sector -2010 Edition; PwC calculations)
The British Columbia TechmapTM (Techmap) was first developed by PwC in 1997 and updated in 2003 and 2012. The Techmap examines the genealogy of BC's technology companies dating back to the 1890's. Mergers, acquisitions, closures and the movement of technology and key industry people are depicted. The 2012 Techmap-Beta version is the product of over 10 months of research and is now presented in digital format.
In 2012 PwC surveyed over 3,100 BC technology companies and institutions; to date about 18% have responded. The final version of the 2012 Techmap is expected to be complete once more companies submit their survey responses, follow up interviews are held and data are verified. This process is expected to take a further 2 months.
Quick facts from the 2012 BC Techmap-Beta version:
Calyniuk added: “We decided on a Beta release for 2012 before going final. Based on PwC's experience with the 2003 Techmap many firms who were surveyed and did not submit data came forward after the Techmap was printed and wanted to participate. This time we are leaving the 2012 survey database open for another 30 or 40 days to give companies a chance to be included in the large printed poster of the 2012 Techmap. The online Techmap will continue to be available for update in the future.”
Digital depiction of the 2012 BC Techmap was supported by Overinteractive Media Inc. Online hosting of the 2012 Techmap is provided by Radiant Communications.
The PwC 2012 BC Techmap-Beta version will be available after 5:00pm PST on June 14 at : www.pwctechmaps.com
For further information or to arrange an interview with one of the PwC Techmap team, please contact Jim Nelson, PwC, at 604-806-7047, or at jim.nelson@ca.pwc.com.
About PwC Canada
PwC Canada helps organizations and individuals create the value they're looking for. More than 5,700 partners and staff in offices across the country are committed to delivering quality in assurance, tax, consulting and deals services. PwC Canada is a member of the PwC network of firms with close to 169,000 people in 158 countries. Find out more by visiting us at www.pwc.com/ca.© 2012 PricewaterhouseCoopers LLP, an Ontario limited liability partnership. All rights reserved.PwC refers to the Canadian member firm, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details.
Photo credit: PwC Canada
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