PCCC participates in the Ontario Innovation Road Trip

PCCC participates in the Ontario Innovation Road

Aiming to build opportunity networks for Peruvian and Canadian businesses, PCCC’s Director of Technology, Leslie Lopez Espinoza, participated in the Ontario Innovation Road Trip. The Government of Ontario and municipal partners organized the road trip as part of the Collision Conference 2023.

International delegates and local non-profit organizations visited the Innovation Ecosystems in Markham, Mississauga, Brampton, Halton, Durham, and Toronto. PCCC visited the Mississauga Ecosystem, including two renowned innovation hubs, IDEA Square One and EDGE @Sheridan College, the Robotics Lab and SpinUp Incubator of the University of Toronto Mississauga, Stratejm, one of North America’s top Security-as-a-Service platforms and PointClickCare a leading health tech company. One of the trip highlights was the Robotics Research at the University of Toronto Mississauga, focusing on continuum robots that can traverse confined and curvilinear spaces to advance surgery.

According to the Ministry of Economic Development, Job Creation and Trade, Ontario’s IT industry has a $48.3B GDP, hosts more than 21 000 firms, 63500 annual STEM grads, and 70% of Canada’s largest IT R&D spenders. Ontario is home to the R&D operations of Google, IBM, Amazon, and Nokia. It also hosts over 400 AI organizations, including the Vector Institute for Artificial Intelligence, an independent not-for-profit that drives the machine and deep learning application, adoption, and commercialization. Geoffrey Hinton, the godfather of AI, leads it.

The top 5 reasons to do business in Ontario are:

Talent: 71% of adults possess post-secondary education.
Innovation ecosystems: Government and Academia work together to drive bold ideas to market.
Competitive costs: One of the lowest corporate taxes in America, 50% savings on after-tax R&D expenditures, and sourcing of products and services at competitive prices.
Access to Global Markets: Free trade agreements with 51 countries and a short distance to the US.
Diversity: People from 150 countries with over 200 languages spoken