Steering into the future
— ON TRACK AND ON TARGET
2010 was the exciting year we hoped it would be. Many of you will recall the success reel produced for the Celebrate Ottawa event in November that highlighted 75 major wins for Ottawa and Ottawabased companies in 2010 alone. According to the Conference Board of Canada, 2010 could be the year of greatest growth in 10 years in Ottawa and we look forward to the confirmation of this prediction.
Ottawa companies in the security, wireless, telecom, clean-tech and life sciences sectors achieved great milestones and significant wins. The digital media sector grew 54 per cent and is poised for strong growth again this year.
The city, as a whole, continues to be recognized for its quality of life, talent companies racking up international, national and regional accolades.
It’s hard to predict what the future will bring to Ottawa but 2011 begins with several interesting opportunities in fast-forward mode – tablets, mobileapps, e-commerce and clean tech. During 2010 the foundation was laid for new developments and we’re sure to see a surge in competition and creativity as they become more mainstream and mature. Digital media and clean tech continue to experience the area’s highest growth in terms of both number of companies and number of employees. Digital media, the region’s newest cluster, was formed two years ago and the number of companies in the sector grew by more than 50 per cent last year. Clean tech remains a powerful emerging sector in world markets, and Ottawa is becoming a significant player in this industry.
We’ve had a good year but can’t be satisfied with the status quo. Being poised for growth is a good starting point, but it isn’t good enough – we need to push for success. We must focus on three key initiatives that remain at the heart of OCRI: developing our entrepreneurial culture and talent base, attracting investment to the region, and promoting Ottawa as a primary destination for businesses around the world.
By helping entrepreneurs start their own businesses and facilitating introductions that foster development and innovation in the region, Ottawa will continue to generate a solid base of dynamic young companies. A number of initiatives have been established between OCRI and strategic partners over the past 12 to 16 months that are beginning to stimulate more investment into our early-stage companies. And we will continue to bring our portfolio companies to the global investment stage.
International market successes were impressive in 2010, and we see potential for growth in Asia in the coming years. Our talent, access to North American markets, as well as our research and development capabilities make us very appealing to large companies. The city is a logical access point for those looking to break into these markets.
With the Nortel situation coming to a close, we welcome the four multi-national companies to the region – Ericsson, Ciena, Avaya and Genband. We look to growth in these companies as they begin to realize the benefits of working with the region’s highly motivated and knowledgeable talent pool.
Ottawa is on track for continued growth. Our city is driven by innovation, invention, ideas, creativity and ingenuity. Our entrepreneurial spirit is second to none. We need to set an aggressive pace, maintain the momentum and sustain the interest in Ottawa to make us one of the world’s most valuable strategic partners.
We are very proud to work in partnership with the Ottawa Business Journal to produce the 2011 edition of the Ottawa Technology magazine. OCRI collects and verifies information provided by each company for the Knowledge-based Industry Survey in order to reflect the most complete picture of Ottawa’s technology industry in light of today’s creative economy across 12 unique industry sectors.
For a complete listing of the city’s knowledge-based companies, please visit www.ottawaregion.com.