Vancouver is consistently named as one of the top worldwide cities for livability and quality of life, while simultaneously climbing the ranks as a global startup hub. With more startups per capita than any other city in Canada, Vancouver is leveraging its unique combination of assets: Hollywood North, a strong industrial foundation, enterprise data and cloud underpinnings, and a remarkably diverse talent pool, with over half of its residents having a first tongue other than English. The city’s growing reputation is underpinned by the highest concentration of visual effects and animation studios, two of the top six video game franchises, and its ranking as one of the world’s top 20 Global Financial Centers.
The Vancouver startup ecosystem currently comprises of 800- 1,100 startups and shining success stories. In the early days, Slack’s founder estimated the market for the software to be $100 million, which they exceeded in just three years—and have now become the fastest growing business software of all time. Broadband.tv is now the third largest video streaming site in the world after Facebook and Google, while dating app Plenty of Fish sold to Match. com for $575 million. Bitstew exited in 2016 for $157 million – accounting for the largest exit in Canada last year, while TIO Logic exited for $233 million within the first few months of 2017.