Here comes the FU­TURE

Mixed re­al­ity. Smart robots. Elec­tric cars. Aquapon­ics. 3D print­ing. 10 B.C. COM­PA­NIES that are mak­ing to­mor­row hap­pen

BC Business Magazine - - Front Page -

Any­one cu­ri­ous about where Bri­tish Columbia's econ­omy is headed could have found some an­swers at the re­cent Bctech Sum­mit in Van­cou­ver. In its sec­ond year, the sold-out gath­er­ing fea­tured more than 260 B.C. com­pa­nies and other or­ga­ni­za­tions, in­clud­ing some of the busi­nesses pro­filed on the fol­low­ing pages.

B.C. was built on nat­u­ral re­sources, but to para­phrase Yogi Berra, the fu­ture isn't what it used to be. The tech­nol­ogy sec­tor has grown to roughly 10,000 com­pa­nies, ac­cord­ing to BC Stats. Those en­ter­prises em­ployed al­most 102,000 peo­ple as of De­cem­ber 2015, more than the to­tal for min­ing, forestry, and oil and gas. In 2015, the tech sec­tor con­trib­uted $14.1 bil­lion to B.C.'S gross do­mes­tic prod­uct and gen­er­ated some $26.3 bil­lion in rev­enue.

Mean­while, in a re­cent rank­ing of startup ecosys­tems by Startup Genome and the Global En­tre- preneur­ship Net­work, Van­cou­ver placed first in Canada and 15th world­wide. Trans­la­tion: the city's ad­van­tages in­clude a strong in­dus­trial base, an un­usu­ally di­verse tal­ent pool, and a wealth of in­cu­ba­tors and ac­cel­er­a­tors.

Rather than keep pat­ting our­selves on the back, let's rec­og­nize 10 com­pa­nies that are mov­ing B.C. for­ward. Th­ese play­ers range from star­tups to es­tab­lished names; some rep­re­sent tra­di­tional in­dus­tries, while oth­ers are in­vent­ing new ones. They're just a sam­pling of a rich and var­ied com­mu­nity, but each one makes us bet­ter.

As this mag­a­zine turns 45, it's also time to honour the past—and to re­flect on how dra­mat­i­cally our econ­omy has changed over the years. When you turn the page, you'll find a guided tour of piv­otal events and per­son­al­i­ties in B.C. busi­ness his­tory, from the early 1970s to the present. Thanks for the mem­o­ries, and here's to an even brighter to­mor­row.

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