Photonics Value Proposition
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Invest in Canada
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#ANADA IS A WORLDWIDE LEADER IN PHOTONICS A BILLION GLOBAL INDUSTRY THAT IS PUSHING BACK THE BOUNDARIES OF l ELDS AS DIVERSE AS INFORMATION AND COMMUNICATIONS TECHNOLOGIES LIFE SCIENCES MANUFACTURING CONSUMER PRODUCTS SENSORS DEFENCE EFl CIENT LIGHTING AUTOMOTIVE AND AEROSPACE )N #ANADA PHOTONICS GENERATES ROUGHLY BILLION ANNUALLY IN REVENUES AND EMPLOYS SOME PEOPLE IN APPROXIMATELY COMPANIES 4HE WORKFORCE IS HIGHLY SKILLED WITH PERCENT INVOLVED IN RESEARCH AND DEVELOPMENT 2$ #ANADIAN PRODUCTS ARE GLOBALLY COMPETITIVE WITH PERCENT OF THE PHOTONIC GOODS PRODUCED IN #ANADA BEING EXPORTED WORLDWIDE
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2ESEARCH AND DEVELOPMENT #ANADA IS SERIOUS ABOUT INVESTING IN PHOTONICS RESEARCH AND DEVELOPMENT AND SPENDS AN ESTIMATED MILLION PER YEAR ON PHOTONICS ACTIVITIES &ROM TO #ANADA INVESTED OVER MILLION IN PHOTONICS FACILITIES
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#ANADIANS ARE PARTNERING WITH INTERNATIONAL RESEARCHERS ON PROJECTS SUCH AS MOLECULAR IMAGING THROUGH FACILITIES THAT INCLUDE THE !DVANCED ,ASER ,IGHT 3OURCE IN -ONTRÏAL ONE OF ONLY TWO FEMTOSECOND ULTRA FAST LASER FACILITIES IN THE WORLD 42,ABS WESTERN #ANADAS LARGEST INFORMATION AND COMMUNICATIONS TECHNOLOGY CONSORTIUM HAS ISSUED OR l LED PATENTS AND COMMERCIALIZED TECHNOLOGIES SINCE ITS INCEPTION 4HE #ITY OF 1UÏBECS .ATIONAL /PTICS )NSTITUTE ONE OF .ORTH !MERICAS MOST PROMINENT OPTICS CENTRES HAS GENERATED ALMOST PATENTS 4O ENCOURAGE INNOVATION #ANADA ALSO PROVIDES INVESTORS WITH PROVINCIAL AND FEDERAL 2$ TAX CREDITS AND DEDUCTIONS #ANADAS 3CIENTIl C 2ESEARCH AND %XPERIMENTAL $EVELOPMENT PROGRAM 32%$ ONE OF THE MOST GENEROUS TAX CREDIT PROGRAMS IN THE ' ALLOWS INVESTORS TO CREDIT A PORTION OF 2$ RELATED COSTS SUCH AS WAGES MATERIALS MACHINERY EQUIPMENT AND OVERHEAD #OMMERCIALIZATION #ANADIAN BASED COMPANIES ARE SUCCESSFULLY COMMERCIALIZING RESEARCH AND INNOVATION !N EXCELLENT EXAMPLE INCLUDES /PTECH SPUN OFF IN THE S FROM 9ORK 5NIVERSITYS GROUNDBREAKING PROJECT TO MAP WEATHER ON -ARS WITH AN INNOVATIVE ,IGHT $ETECTION AND 2ANGING ,)$!2 OPTICAL REMOTE SENSING SYSTEM 4ERA8ION REPRESENTS ANOTHER GOOD EXAMPLE HAVING SHIPPED BY 3EPTEMBER UNITS OF THE 5NIVERSITY OF ,AVALS GIGABIT PER SECOND TUNEABLE DISPERSION SLOPE COMPENSATOR DEVELOPED THE PREVIOUS YEAR 4HE #ANADIAN 0HOTONICS &ABRICATION #ENTRE #0&# PROVIDES A WORLD CLASS INDUSTRIAL GRADE FACILITY THAT BRIDGES THE GAP FROM INNOVATION TO PRODUCT COMMERCIALIZATION #OMPANIES CAN DRIVE INNOVATION AND REDUCE THE RISK OF INVESTING IN NEW TECHNOLOGIES BY TAKING ADVANTAGE OF THE PROTOTYPING SERVICES OF THE #0&#
!PPROXIMATELY HIGHLY SKILLED EMPLOYEES WORK IN #ANADAS PHOTONICS INDUSTRY OF WHICH PERCENT ARE INVOLVED IN 2$
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"RITISH #OLUMBIA "RITISH #OLUMBIA IS HOME TO APPROXIMATELY COMPANIES IN THE PHOTONICS INDUSTRY 4HE PROVINCES THREE MAJOR UNIVERSITIESTHE 5NIVERSITY OF "RITISH #OLUMBIA AND 3IMON &RASER 5NIVERSITY IN 6ANCOUVER AND THE 5NIVERSITY OF 6ICTORIACOLLABORATE CLOSELY 4HIS HUB OF EXPERTISE RESEARCH AND FACILITIES HAS GENERATED SPIN OFF COMPANIES AND TECHNOLOGIES SUCH AS 3WITCH -ATERIALS DEVELOPER OF REVOLUTIONARY NEW MATERIALS THAT hSWITCHv OPTICAL PROPERTIES ON COMMAND 3IMON &RASERS $ ,!"3 OFFERS lRMS STATE OF THE ART EQUIPMENT TO PURSUE RESEARCH AND DEVELOPMENT ON ADVANCED MATERIALS AND NANOSCALE DEVICES 0HOTONICS COMPANIES IN "RITISH #OLUMBIA ARE ACTIVE IN THE LIGHTING AND SIGNAGE lELD AS WELL AS IN ALTERNATIVE ENERGIES SUCH AS SOLAR
!LBERTA CONTINUES TO DEVELOP PHOTONICS BASED SOLUTIONS FOR APPLICATIONS IN ITS VERY STRONG OIL AND GAS SECTOR FOR EXAMPLE NEWLY CREATED HAND HELD SENSORS ALLOW MONITORING OF LEAKS FROM LONG DISTANCES 42 ,ABS AND THE 5NIVERSITY OF !LBERTAS 5LTRAFAST 0HOTONICS AND .ANO /PTICS ,AB CONDUCT RESEARCH IN PHOTONICS "Y THE GOVERNMENT OF !LBERTA EXPECTS ITS MILLION INVESTMENT IN NANOTECHNOLOGY TO GENERATE BILLION IN NEW ECONOMIC ACTIVITY OF WHICH NANOPHOTONICS WILL PLAY AN IMPORTANT ROLE 4HE .ATIONAL )NSTITUTE FOR .ANOTECHNOLOGY .).4 AND THE !LBERTA #ENTRE FOR !DVANCED -ICROSYSTEMS AND .ANOTECHNOLOGY 0RODUCTS !#!-0 ARE ACTIVE IN PHOTONICS WHILE THE PROVINCIAL GOVERNMENTS NANO!LBERTA TEAM SUPPORTS NANOTECHNOLOGY COLLABORATION
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1UEBEC 3INCE THE S THE #ITY OF 1UÏBEC AREA HAS BEEN A LEADER IN PHOTONIC APPLICATIONS MARKETS FROM INSTRUMENTATION TO IMAGERY VISION SYSTEMS OPTICAL COMMUNICATIONS AND HIGH PERFORMANCE lBRE OPTICS 4HE PROVINCE OF 1UEBECS OPTICS PHOTONICS SECTOR INCLUDES OVER COMPANIES EMPLOYING CLOSE TO SPECIALISTS AND GENERATING REVENUES OF CLOSE TO BILLION OF WHICH IS SOURCED TO THE #ITY OF 1UÏBEC AREA 4HE #ITY OF 1UÏBEC IS KNOWN FOR ITS WORLD CLASS CENTRES OF EXPERTISE INCLUDING 4HE .ATIONAL /PTICS )NSTITUTE WHICH HAS GENERATED OVER SPIN OFF COMPANIES SINCE ITS ESTABLISHMENT IN 4HE REGION HAS REMAINED AT THE FOREFRONT OF INNOVATION THANKS TO EIGHT WORLD CLASS CENTRES INCLUDING THE #ENTRE DOPTIQUE PHOTONIQUE ET LASER THE LARGEST UNIVERSITY RESEARCH CENTRE IN OPTICS PHOTONICS IN #ANADA AND THE #ANADIAN )NSTITUTE FOR 0HOTONIC )NNOVATIONS THE HEAD OF A NETWORK OF UNIVERSITIES THAT OFFER TECHNOLOGY EXPLOITATION AND INNOVATION PROGRAMS
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BENCHMARKING THE COMPARATIVE COST AND QUALITY OF DOING BUSINESS IN GLOBAL LOCATIONS
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w !VAILABILITY OF l NANCIAL SUPPORT INCENTIVES w %CONOMIC AND l NANCIAL STABILITY w #OMPLIANCE WITH PROTECTION OF PRIVACY REGULATIONS INFORMATION SECURITY )0 RIGHTS w 0OLITICAL STABILITY w 1UALITY OF SUPPORT FROM LOCAL GOVERNMENT DEVELOPMENT AGENCIES w "USINESS PERMITTING PROCEDURES
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w 0RESENCE OF EXPERIENCED PHOTONICS EMPLOYEES INCLUDING MANUFACTURING RELATED w /VERALL SIZE OF LABOUR POOL w 0RESENCE OF STUDENT POPULATION w /VERALL TIGHTNESS IN THE LABOUR MARKET UNEMPLOYMENT
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w 0RESENCE OF INDUSTRY BASE w )MPORTANCE OF 2$ w -ARKET PROXIMITY
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w !IR ACCESS w 1UALITY RELIABILITY OF )4 TELECOMMUNICATIONS w 2ELIABILITY OF POWER SUPPLY w (IGHWAY NETWORK CONGESTION w 0UBLIC TRANSPORT
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w #OST OF LIVING w !TTRACTIVENESS FOR YOUNG INTERNATIONAL RECRUITS w !TTRACTIVENESS FOR EXPATRIATES
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#ANADIAN .ON #ANADIAN # 53
&AVOURABLE OPERATING COSTS #ANADIAN LOCATIONS OFFER VERY COMPETITIVE COSTS COMPARED TO LOCATIONS FROM ADVANCED ECONOMIES AND OTHER .ORTH !MERICAN CITIES ANALYZED IN THIS BENCHMARKING STUDY 4HE #ITY OF 1UÏBEC %DMONTON AND 7ATERLOO 2EGION ALL OFFER A MORE COST COMPETITIVE
ALTERNATIVE THAN ANY 53 LOCATION !MONG LARGER CITIES 6ANCOUVER AND 4ORONTO ALSO OUTPERFORM COMPARABLY SIZED 53 CITIES OFFERING INVESTORS SIGNIl CANTLY LOWER OPERATING COSTS
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,IVING ENVIRONMENT 2EAL ESTATE )NFRASTRUCTURE COMMUNICATIONS &LEXIBILITY OF LABOUR REGULATIONS 0RESENCE OF INDUSTRYCLUSTER ,OCAL POTENTIAL TO RECRUIT SKILLED STAFF 'ENERAL BUSINESS ENVIRONMENT
! WEALTH OF OPTIONS TO CHOOSE FROM #ANADA OFFERS A STRONG QUALITATIVE PROPOSITION FOR PHOTONICS INVESTMENT )"- 0,)S ASSESSMENT OF THE OPERATING ENVIRONMENT RANKS 4ORONTO AS THE TOP .ORTH !MERICAN LOCATION BENCHMARKED /THER #ANADIAN CITIES INCLUDING THE #ITY OF 1UÏBEC /TTAWA AND 6ANCOUVER RANK IN THE TOP l VE IN .ORTH !MERICA WHILE 7ATERLOO
5NLESS OTHERWISE NOTED GRAPHS REPRESENT )"- 0,) ASSESSMENT SCORES
2EGION AND %DMONTON ROUND OUT THE TOP ! CRITICAL FACTOR TO THIS OVERALL SCORE IS #ANADAS APPEALING LIVING ENVIRONMENT WHICH IS IMPORTANT FOR ATTRACTING INTERNATIONAL TALENT WITH VITAL SPECIALIST KNOWLEDGE #ANADIAN LOCATIONS ALSO RANK WELL ON ESSENTIAL CRITERIA SUCH AS SKILLS AVAILABILTY 2$ AND CLUSTER PRESENCE
#!.!$!3 6!,5% 02/0/3)4)/. 0RESENCE OF INDUSTRYCLUSTER HIGHEST RANKING CITIES
3TRONG INDUSTRY PRESENCE 0ROXIMITY TO CUSTOMERS SUCH AS ELECTRICAL EQUIPMENT MANUFACTURERS AND TELECOMMUNICATION COMPANIES THE NUMBER OF PHOTONICS RELATED COMPANIES AND STRENGTH OF 2$ ARE ALL CRITICAL FACTORS WHEN ASSESSING INVESTMENT LOCATIONS
#ANADIAN .ON #ANADIAN
#ANADA IS HOME TO A WELL DEVELOPED PHOTONICS SECTOR -ANY #ANADIAN CITIES HOST VIBRANT PHOTONICS AND RELATED INDUSTRY CLUSTERS THAT ARE SUPPORTED BY A NETWORK OF WELL ORGANIZED ASSOCIATIONS PRIVATE PUBLIC RESEARCH PARTNERSHIPS BUSINESS INCUBATORS AND RESEARCH INSTITUTES DEDICATED TO PHOTONICS /NE SUCH EXAMPLE THE #ANADIAN 0HOTONICS &ABRICATION #ENTRE LOCATED IN /TTAWA WORKS WITH START UPS SMALL AND MEDIUM SIZED COMPANIES LARGE CORPORATIONS GOVERNMENT LABORATORIES AND ACADEMIA TO PROVIDE PROTOTYPING AND PRODUCTION RUNS OF PHOTONIC DEVICES AND PHOTONIC INTEGRATED CIRCUITS
2ESEARCH AND DEVELOPMENT HIGHEST RANKING CITIES
#UTTING EDGE 2$ 4HE AMOUNT OF 2$ EXPENDITURE TOP NOTCH UNIVERSITY RESEARCH INSTITUTIONS AND SUCCESSFUL PHOTONICS RELATED PATENTS HIGHLIGHT #ANADAS RESEARCH STRENGTH IN THIS l ELD #ANADA UNDERSTANDS THAT 2$ AND INNOVATION ARE CRITICAL FOR FOSTERING GROWTH .EW APPLICATIONS FOR PHOTONICS TECHNOLOGY CONTINUOUSLY EMERGE INm UENCING MANY SECTORS #ANADA INVESTS BILLIONS ANNUALLY TO ENSURE THAT INVESTORS HAVE ACCESS TO THE BEST 2$ TALENT AND INFRASTRUCTURE IN THE WORLD
#ANADIAN .ON #ANADIAN
#ANADA ALSO PROVIDES THE 3CIENTIl C 2ESEARCH AND %XPERIMENTAL $EVELOPMENT TAX INCENTIVE AND PROVINCIAL TAX CREDITS TO HELP l RMS REDUCE THE COST OF 2$ EXPENDITURES AND TO PROMOTE INNOVATION 0ERHAPS THIS EXPLAINS WHY #ANADA RECEIVED 53 PATENTS FOR OVER INNOVATIONS RELATED TO OPTICAL COMMUNICATIONS FROM
0OTENTIAL TO RECRUIT STAFF HIGHEST RANKING CITIES
! DEEP TALENT POOL 4HE SIZE OF THE LABOUR MARKET AND THE PRESENCE OF EXPERIENCED ENGINEERS PHYSICIANS AND RESEARCHERS ARE CRITICAL TO THE SUCCESS OF 2$ ACTIVITIES 3TUDENT POPULATIONS IN RELATED l ELDS ARE ALSO IMPORTANT AS A SOURCE OF NEW EDUCATED EMPLOYEES
#ANADIAN .ON #ANADIAN
5NLESS OTHERWISE NOTED GRAPHS REPRESENT )"- 0,) ASSESSMENT SCORES )-$ 7ORLD #OMPETITIVENESS 9EARBOOK
2ANKED l RST IN THE WORLD FOR HIGHER EDUCATION #ANADA IS HOME TO AN EXCEPTIONALLY WELL EDUCATED TALENTED AND DIVERSE WORKFORCE #ANADIAN LOCATIONS ANALYSED IN THIS STUDY OFFER A LARGE TALENT POOL WITH SKILLS RELEVANT TO THE SECTOR INCLUDING A STEADY SUPPLY OF ENGINEERING GRADUATES 7ITH A LARGE NUMBER OF ENGINEERS AND INDIVIDUALS EMPLOYED IN PHOTONICS RESEARCH AND DESIGN 4ORONTO AND THE #ITY OF 1UÏBEC PLACE l RST AND THIRD RESPECTIVELY IN .ORTH !MERICA IN THIS CATEGORY
#!.!$!3 6!,5% 02/0/3)4)/. %STIMATED ANNUAL LABOUR COSTS HIGHEST RANKING CITIES
!DVANTAGEOUS LABOUR COSTS ! CALCULATION OF THE ESTIMATED ANNUAL LABOUR COSTS FOR A TYPICAL PHOTONICS RESEARCH DEVELOPMENT AND MANUFACTURING OPERATION IDENTIl ES THE SIGNIl CANT COST SAVING POTENTIAL OF #ANADIAN LOCATIONS OVER 53 COUNTERPARTS
#ANADIAN .ON #ANADIAN
!N IMPORTANT COMPONENT OF #ANADAS LABOUR COST ADVANTAGE RELATIVE TO THE 5NITED 3TATES COMES FROM THE LOWER COSTS OF PROVIDING EMPLOYEE BENEl TS #ANADAS NATIONAL HEALTHCARE SYSTEM IMPLIES THAT MOST MEDICAL INSURANCE COSTS ARE PUBLICLY FUNDED RATHER THAN PAID BY THE EMPLOYER RESULTING IN SIGNIl CANT SAVINGS
# 53
4HE #ITY OF 1UÏBEC AND %DMONTON BOTH OPERATE WITH LABOUR COSTS BELOW THAT OF ANY 53 CITY STUDIED WHILE 6ANCOUVER AND 4ORONTO ALSO SHOW MORE COMPETITIVE LABOUR COST LEVELS THAN SIMILARLY SIZED 53 LOCATIONS
/UTSTANDING QUALITY OF LIFE
,IVING ENVIRONMENT HIGHEST RANKING CITIES
!TTRACTING GLOBAL TALENT AND KNOWLEDGE TO MAINTAIN BUSINESS CAPABILITIES IS IMPORTANT IN A HIGHLY SPECIALIZED l ELD LIKE PHOTONICS WHERE COMPANIES REQUIRE KNOW HOW AND EXPERTISE SPANNING PHYSICS ENGINEERING AND OTHER EXPERIMENTAL SCIENCES
#ANADIAN .ON #ANADIAN
! CONDUCIVE BUSINESS ENVIRONMENT
)NTERNATIONAL MEASURES SUCH AS THE -ERCER #OST OF ,IVING 3URVEY 3PERLINGS #ITIES 2ANKED 2ATED AND %CONOMIST )NTELLIGENCE 5NITS QUALITY OF LIFE INDEX PLACE #ANADIAN CITIES NEAR THE TOP OF THE RANKINGS 7ITH ITS NATURAL BEAUTY COMPARATIVELY LOW COST OF LIVING AND SUPERIOR QUALITY OF LIFE IT COMES AS NO SURPRISE THAT #ANADA IS ONE OF THE BEST PLACES IN THE WORLD TO LIVE 4HAT EXPLAINS WHY #ANADIAN CITIES ATTRACT YOUNG INTERNATIONAL RECRUITS AND TALENTED EXPATRIATES FROM AROUND THE GLOBE
'ENERAL BUSINESS ENVIRONMENT HIGHEST RANKING CITIES
%CONOMIC STABILITY SUPPORT FROM GOVERNMENT AND LOCAL ECONOMIC DEVELOPMENT AGENCIES 2$ INCENTIVES BUSINESS PERMITTING PROCEDURES l NANCIAL SUPPORT AVAILABLE TO BUSINESS PRIVACY REGULATIONS INFORMATION SECURITY AND INTELLECTUAL PROPERTY RIGHTS ARE IMPORTANT CONSIDERATIONS FOR BUSINESSES WHEN INVESTING OR EXPANDING THEIR OPERATIONS #ANADA HAS CREATED AN ADVANTAGEOUS BUSINESS ENVIRONMENT FOR COMPANIES TO INVEST AND m OURISH 7ITH ONLY TWO PROCEDURES REQUIRED TO GET THE OPERATIONS GOING COMPARED TO SIX FOR THE 53 #ANADA MAKES IT EASY FOR NEW INVESTORS TO BE IN BUSINESS !S THE LEADING COUNTRY AMONG THE ' FOR '$0 GROWTH OVER THE LAST DECADE AND WITH THE WORLDS SOUNDEST BANKING SYSTEM #ANADA PROVIDES A SAFE AND STRONG BUSINESS ENVIRONMENT WITH TREMENDOUS GROWTH POTENTIAL FOR YOUR INVESTMENT
#ANADIAN .ON #ANADIAN
5NLESS OTHERWISE NOTED GRAPHS REPRESENT )"- 0,) ASSESSMENT SCORES 3OURCE )"- 0,) CALCULATIONS BASED ON 7ATSON 7YATT AND %CONOMIC 2ESEARCH )NSTITUTE %2) 3OURCE )"- 0,) EVALUATION BASED ON %CONOMIC 2ESEARCH )NSTITUTE AND -ERCER #OST OF ,IVING )NDEX 7ORLD %CONOMIC &ORUM 'LOBAL #OMPETITIVENESS 2EPORT /CTOBER
)NVEST IN #ANADA AT YOUR SERVICE 7E OFFER THE FOLLOWING VALUABLE SERVICES TO OUR CLIENTS q STRATEGIC MARKET INTELLIGENCE ON YOUR SPECIFIC SECTOR q DIRECT CONTACT WITH KEY DECISION MAKERS IN THE GOVERNMENT q REFERRALS TO CONTACTS IN FIRMS AND INDUSTRY ASSOCIATIONS AS WELL AS EXPERTS
q HELP IN IDENTIFYING A SUITABLE PLACE IN WHICH TO INVEST q ASSISTANCE IN DEVELOPING A BUSINESS CASE FOR YOUR NEXT INVESTMENT DECISION
/UR GLOBAL NETWORK WILL SHOW YOU WHY #ANADA IS YOUR STRATEGIC CHOICE FOR GROWTH 4O REACH AN INVESTMENT OFFICER IN YOUR MARKET PLEASE VISIT
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4HIS PUBLICATION WAS PREPARED BY )NVEST IN #ANADA IN COOPERATION WITH )"- 0,) 4HE DOCUMENT COVERS A WIDE RANGE OF ISSUES AND IS NOT INTENDED TO BE A DETAILED NOR AN EXHAUSTIVE REFERENCE !CCORDINGLY BEFORE RELYING ON THE MATERIAL HEREIN READERS SHOULD INDEPENDENTLY VERIFY ITS ACCURACY CURRENCY AND RELEVANCE FOR THEIR PURPOSES AND SHOULD SEEK APPROPRIATE PROFESSIONAL ADVICE !NY REFERENCE TO COMPANIES OR INVESTMENTS IS FOR ILLUSTRATIVE PURPOSES ONLY AND DOES NOT CONSTITUTE AN ENDORSEMENT OF THOSE COMPANIES OR INVESTMENTS $ETAILS OF SOURCES FOR ALL QUOTED FACTS AND FIGURES ARE AVAILABLE UPON REQUEST 4HE 'OVERNMENT OF #ANADA DOES NOT ACCEPT ANY LIABILITY IN RELATION TO THE CONTENTS OF THIS WORK 4HIS PUBLICATION IS PRINTED ON RECYCLED PAPER AND IS AVAILABLE IN MULTIPLE LANGUAGES INCLUDING &RENCH ¥ (ER -AJESTY THE 1UEEN IN 2IGHT OF #ANADA AS REPRESENTED BY THE -INISTER OF )NTERNATIONAL 4RADE
7ATERLOO !DVANCED 4ECHNOLOGY ,AB /NTARIO #ANADA
q INFORMATION AND ADVICE ON SETTING UP A BUSINESS IN #ANADA
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#ANADA IS A WORLDWIDE LEADER IN PHOTONICS A BILLION GLOBAL INDUSTRY THAT IS PUSHING BACK THE BOUNDARIES OF l ELDS AS DIVERSE AS INFORMATION AND COMMUNICATIONS TECHNOLOGIES LIFE SCIENCES MANUFACTURING CONSUMER PRODUCTS SENSORS DEFENCE EFl CIENT LIGHTING AUTOMOTIVE AND AEROSPACE )N #ANADA PHOTONICS GENERATES ROUGHLY BILLION ANNUALLY IN REVENUES AND EMPLOYS SOME PEOPLE IN APPROXIMATELY COMPANIES 4HE WORKFORCE IS HIGHLY SKILLED WITH PERCENT INVOLVED IN RESEARCH AND DEVELOPMENT 2$ #ANADIAN PRODUCTS ARE GLOBALLY COMPETITIVE WITH PERCENT OF THE PHOTONIC GOODS PRODUCED IN #ANADA BEING EXPORTED WORLDWIDE
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-ERITON .ETWORKS 8TERA -0" 4ECHNOLOGIES
2ESEARCH AND DEVELOPMENT #ANADA IS SERIOUS ABOUT INVESTING IN PHOTONICS RESEARCH AND DEVELOPMENT AND SPENDS AN ESTIMATED MILLION PER YEAR ON PHOTONICS ACTIVITIES &ROM TO #ANADA INVESTED OVER MILLION IN PHOTONICS FACILITIES
.XT0HASE /PTECH 4ERA8ION
#ANADIANS ARE PARTNERING WITH INTERNATIONAL RESEARCHERS ON PROJECTS SUCH AS MOLECULAR IMAGING THROUGH FACILITIES THAT INCLUDE THE !DVANCED ,ASER ,IGHT 3OURCE IN -ONTRÏAL ONE OF ONLY TWO FEMTOSECOND ULTRA FAST LASER FACILITIES IN THE WORLD 42,ABS WESTERN #ANADAS LARGEST INFORMATION AND COMMUNICATIONS TECHNOLOGY CONSORTIUM HAS ISSUED OR l LED PATENTS AND COMMERCIALIZED TECHNOLOGIES SINCE ITS INCEPTION 4HE #ITY OF 1UÏBECS .ATIONAL /PTICS )NSTITUTE ONE OF .ORTH !MERICAS MOST PROMINENT OPTICS CENTRES HAS GENERATED ALMOST PATENTS 4O ENCOURAGE INNOVATION #ANADA ALSO PROVIDES INVESTORS WITH PROVINCIAL AND FEDERAL 2$ TAX CREDITS AND DEDUCTIONS #ANADAS 3CIENTIl C 2ESEARCH AND %XPERIMENTAL $EVELOPMENT PROGRAM 32%$ ONE OF THE MOST GENEROUS TAX CREDIT PROGRAMS IN THE ' ALLOWS INVESTORS TO CREDIT A PORTION OF 2$ RELATED COSTS SUCH AS WAGES MATERIALS MACHINERY EQUIPMENT AND OVERHEAD #OMMERCIALIZATION #ANADIAN BASED COMPANIES ARE SUCCESSFULLY COMMERCIALIZING RESEARCH AND INNOVATION !N EXCELLENT EXAMPLE INCLUDES /PTECH SPUN OFF IN THE S FROM 9ORK 5NIVERSITYS GROUNDBREAKING PROJECT TO MAP WEATHER ON -ARS WITH AN INNOVATIVE ,IGHT $ETECTION AND 2ANGING ,)$!2 OPTICAL REMOTE SENSING SYSTEM 4ERA8ION REPRESENTS ANOTHER GOOD EXAMPLE HAVING SHIPPED BY 3EPTEMBER UNITS OF THE 5NIVERSITY OF ,AVALS GIGABIT PER SECOND TUNEABLE DISPERSION SLOPE COMPENSATOR DEVELOPED THE PREVIOUS YEAR 4HE #ANADIAN 0HOTONICS &ABRICATION #ENTRE #0&# PROVIDES A WORLD CLASS INDUSTRIAL GRADE FACILITY THAT BRIDGES THE GAP FROM INNOVATION TO PRODUCT COMMERCIALIZATION #OMPANIES CAN DRIVE INNOVATION AND REDUCE THE RISK OF INVESTING IN NEW TECHNOLOGIES BY TAKING ADVANTAGE OF THE PROTOTYPING SERVICES OF THE #0&#
!PPROXIMATELY HIGHLY SKILLED EMPLOYEES WORK IN #ANADAS PHOTONICS INDUSTRY OF WHICH PERCENT ARE INVOLVED IN 2$
5NLESS OTHERWISE NOTED ALL VALUES ARE IN #ANADIAN DOLLARS
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"RITISH #OLUMBIA "RITISH #OLUMBIA IS HOME TO APPROXIMATELY COMPANIES IN THE PHOTONICS INDUSTRY 4HE PROVINCES THREE MAJOR UNIVERSITIESTHE 5NIVERSITY OF "RITISH #OLUMBIA AND 3IMON &RASER 5NIVERSITY IN 6ANCOUVER AND THE 5NIVERSITY OF 6ICTORIACOLLABORATE CLOSELY 4HIS HUB OF EXPERTISE RESEARCH AND FACILITIES HAS GENERATED SPIN OFF COMPANIES AND TECHNOLOGIES SUCH AS 3WITCH -ATERIALS DEVELOPER OF REVOLUTIONARY NEW MATERIALS THAT hSWITCHv OPTICAL PROPERTIES ON COMMAND 3IMON &RASERS $ ,!"3 OFFERS lRMS STATE OF THE ART EQUIPMENT TO PURSUE RESEARCH AND DEVELOPMENT ON ADVANCED MATERIALS AND NANOSCALE DEVICES 0HOTONICS COMPANIES IN "RITISH #OLUMBIA ARE ACTIVE IN THE LIGHTING AND SIGNAGE lELD AS WELL AS IN ALTERNATIVE ENERGIES SUCH AS SOLAR
!LBERTA CONTINUES TO DEVELOP PHOTONICS BASED SOLUTIONS FOR APPLICATIONS IN ITS VERY STRONG OIL AND GAS SECTOR FOR EXAMPLE NEWLY CREATED HAND HELD SENSORS ALLOW MONITORING OF LEAKS FROM LONG DISTANCES 42 ,ABS AND THE 5NIVERSITY OF !LBERTAS 5LTRAFAST 0HOTONICS AND .ANO /PTICS ,AB CONDUCT RESEARCH IN PHOTONICS "Y THE GOVERNMENT OF !LBERTA EXPECTS ITS MILLION INVESTMENT IN NANOTECHNOLOGY TO GENERATE BILLION IN NEW ECONOMIC ACTIVITY OF WHICH NANOPHOTONICS WILL PLAY AN IMPORTANT ROLE 4HE .ATIONAL )NSTITUTE FOR .ANOTECHNOLOGY .).4 AND THE !LBERTA #ENTRE FOR !DVANCED -ICROSYSTEMS AND .ANOTECHNOLOGY 0RODUCTS !#!-0 ARE ACTIVE IN PHOTONICS WHILE THE PROVINCIAL GOVERNMENTS NANO!LBERTA TEAM SUPPORTS NANOTECHNOLOGY COLLABORATION
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/NTARIO IS A GLOBAL HUB IN PHOTONICS WITH MORE THAN PERCENT OF #ANADAS PHOTONICS INDUSTRY BASED IN TWO OF /NTARIOS CLUSTERS /TTAWA AND 4ORONTO WHICH ARE RECOGNIZED AS WORLD LEADING CENTRES FOR PHOTONICS RESEARCH AND COMMERCIALIZATION !NOTHER LEADING CENTER FOR TECHNOLOGY 7ATERLOO 2EGION IS ALSO HOME TO SEVERAL PHOTONICS lRMS 4HOUSANDS OF HIGHLY EDUCATED PEOPLE WORK IN /NTARIOS PHOTONICS SECTOR COMPLEMENTED BY A STEADY STREAM OF NEW TALENT SOME GRADUATES A YEAR IN MATH ENGINEERING AND SCIENCES /NTARIO IS HOME TO OVER RESEARCH CENTRES THAT SUPPORT THE INDUSTRY INCLUDING THE #ENTRE FOR 2ESEARCH IN 0HOTONICS AT THE 5NIVERSITY OF /TTAWA AND THE /PTICAL 4ECHNOLOGY #ENTRE AT THE 5NIVERSITY OF 4ORONTO #OMMITTED TO COMMERCIALIZING LEADING EDGE SCIENCE THE PROVINCE ALSO HAS A NUMBER OF INCUBATORS AND RESEARCH PARKS 4ORONTOS -A23 #ENTRE /TTAWAS ,IFE 3CIENCES 4ECHNOLOGY 0ARK AND #ANADIAN 0HOTONICS &ABRICATION #ENTRE AND THE 5NIVERSITY OF 7ATERLOO 2ESEARCH AND 4ECHNOLOGY 0ARK ARE JUST SOME OF THE ENERGETIC ENVIRONMENTS THAT SPUR BUSINESSES TO INNOVATE AND BRING NEW PRODUCTS TO MARKET /NTARIOS PHOTONICS COMMUNITY HAS PRODUCED MANY WORLD LEADING PRODUCTS FROM OPTICAL COMPONENTS BASED ON lBRE "RAGG GRATINGS AND INTEGRATED OPTICAL COMPONENTS FOR WAVELENGTH DIVISION MULTIPLEXING TO DEVICES BASED ON QUANTUM CONlNED STRUCTURES AND ULTRA FAST LASERS
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1UEBEC 3INCE THE S THE #ITY OF 1UÏBEC AREA HAS BEEN A LEADER IN PHOTONIC APPLICATIONS MARKETS FROM INSTRUMENTATION TO IMAGERY VISION SYSTEMS OPTICAL COMMUNICATIONS AND HIGH PERFORMANCE lBRE OPTICS 4HE PROVINCE OF 1UEBECS OPTICS PHOTONICS SECTOR INCLUDES OVER COMPANIES EMPLOYING CLOSE TO SPECIALISTS AND GENERATING REVENUES OF CLOSE TO BILLION OF WHICH IS SOURCED TO THE #ITY OF 1UÏBEC AREA 4HE #ITY OF 1UÏBEC IS KNOWN FOR ITS WORLD CLASS CENTRES OF EXPERTISE INCLUDING 4HE .ATIONAL /PTICS )NSTITUTE WHICH HAS GENERATED OVER SPIN OFF COMPANIES SINCE ITS ESTABLISHMENT IN 4HE REGION HAS REMAINED AT THE FOREFRONT OF INNOVATION THANKS TO EIGHT WORLD CLASS CENTRES INCLUDING THE #ENTRE DOPTIQUE PHOTONIQUE ET LASER THE LARGEST UNIVERSITY RESEARCH CENTRE IN OPTICS PHOTONICS IN #ANADA AND THE #ANADIAN )NSTITUTE FOR 0HOTONIC )NNOVATIONS THE HEAD OF A NETWORK OF UNIVERSITIES THAT OFFER TECHNOLOGY EXPLOITATION AND INNOVATION PROGRAMS
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).6%34-%.4 ,/#!4)/. "%.#(-!2+).' -%4(/$/,/'9 4HIS BENCHMARKING STUDY ASSESSES THE COMPETITIVENESS OF A NUMBER OF #ANADIAN CLUSTERS AGAINST COMPETING INTERNATIONAL BUSINESS LOCATIONS "ASED ON AN INVESTORS PERSPECTIVE THE RESEARCH AND ANALYSIS USES A REPRESENTATIVE INVESTMENT PROJECT PROTOTYPE AN OPERATION INVOLVING RESEARCH DEVELOPMENT AND MANUFACTURING OF HIGH PRECISION COMMUNICATION OPTICAL COMPONENTS AND SYSTEMSSEE PROl LE ON PAGE TO ASSESS CRITERIA THAT CORPORATE DECISION MAKERS TYPICALLY EXAMINE WHEN EVALUATING LOCATION ALTERNATIVES FOR FOREIGN INVESTMENT 4HIS INTERNATIONAL LOCATION BENCHMARKING EXERCISE WAS CONDUCTED BY )"- 0LANT ,OCATION )NTERNATIONAL )"- 0,) A RENOWNED GLOBAL LOCATION CONSULTANCY )"- 0,) PERFORMED OBJECTIVE RESEARCH TO ASSESS THE COMPARATIVE COST AND QUALITY OF DOING BUSINESS IN VARIOUS LOCATIONS SIMULATING THE APPROACH USED BY INVESTORS WHEN SCREENING CANDIDATES FOR CORPORATE INVESTMENT PROJECTS 4HE BENCHMARKING STUDY EXAMINED TO l NANCIAL AND QUALITATIVE LOCATION INDICATORS IN THE ASSESSMENT OF EACH INDUSTRY SUBSECTOR 4O ASSESS THE QUALITY OF A LOCATIONS OPERATING BUSINESS ENVIRONMENT DATA WERE COLLECTED FROM A VARIETY OF SOURCES FOR THE DIFFERENT SUBFACTORS IN EACH OF THE CATEGORIES FEATURED IN THE OPERATING ENVIRONMENT TABLE PAGE $ATA FOR THE QUALITATIVE ASSESSMENT WERE TRANSLATED INTO COMPARABLE SCORINGS ZERO TO FOR EACH CATEGORY AND SUBFACTOR USING A WEIGHTED SCOREBOARD APPROACH 7EIGHTS WERE ASSIGNED TO EACH LOCATION CATEGORY AND SUBFACTOR TO DEMONSTRATE THEIR RELATIVE IMPORTANCE IN THE LOCATION SELECTION PROCESS 4HESE WEIGHTS ARE SPECIl C TO EACH INDUSTRY SUBSECTOR AND ARE BASED ON )"- 0,)S EXPERIENCE IN HELPING INVESTORS MAKE STRATEGIC DECISIONS WHEN CHOOSING LOCATIONS ! HIGH LEVEL l NANCIAL ANALYSIS WAS ALSO COMPLETED TO TAKE INTO ACCOUNT MAJOR LOCATION SENSITIVE OPERATING COSTS FOR EACH REPRESENTATIVE PROJECT PROl LE /PERATING COST PROJECTIONS HAVE BEEN CALCULATED AND DISCOUNTED OVER A YEAR PERIOD INCORPORATING ANTICIPATED INm ATION RATES TO DETERMINE THEIR NET PRESENT VALUE
BENCHMARKING THE COMPARATIVE COST AND QUALITY OF DOING BUSINESS IN GLOBAL LOCATIONS
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+%9 02/*%#4 $2)6%23 w !VAILABILITY OF SUITABLY SKILLED STAFF ENGINEERS 0H$ LEVEL SCIENTISTS TECHNICIANS w !CCESS TO RESEARCH AND TECHNOLOGY THROUGH PROXIMITY TO UNIVERSITIES WITH PHOTONICS DEPARTMENTS
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w !VAILABILITY OF l NANCIAL SUPPORT INCENTIVES w %CONOMIC AND l NANCIAL STABILITY w #OMPLIANCE WITH PROTECTION OF PRIVACY REGULATIONS INFORMATION SECURITY )0 RIGHTS w 0OLITICAL STABILITY w 1UALITY OF SUPPORT FROM LOCAL GOVERNMENT DEVELOPMENT AGENCIES w "USINESS PERMITTING PROCEDURES
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w 0RESENCE OF EXPERIENCED PHOTONICS EMPLOYEES INCLUDING MANUFACTURING RELATED w /VERALL SIZE OF LABOUR POOL w 0RESENCE OF STUDENT POPULATION w /VERALL TIGHTNESS IN THE LABOUR MARKET UNEMPLOYMENT
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w 0RESENCE OF INDUSTRY BASE w )MPORTANCE OF 2$ w -ARKET PROXIMITY
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w 7ORKING TIME REGULATIONS w (IRING l RING m EXIBILITY w 7ORK PERMITS w )NDUSTRIAL RELATIONSATTITUDE OF UNIONS
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w !IR ACCESS w 1UALITY RELIABILITY OF )4 TELECOMMUNICATIONS w 2ELIABILITY OF POWER SUPPLY w (IGHWAY NETWORK CONGESTION w 0UBLIC TRANSPORT
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w !VAILABILITY OF LARGE INDUSTRIAL SPACE
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w #OST OF LIVING w !TTRACTIVENESS FOR YOUNG INTERNATIONAL RECRUITS w !TTRACTIVENESS FOR EXPATRIATES
&ACTOR CATEGORY WEIGHT CORRESPONDING LOCATION FACTORS ARE RANKED IN ORDER OF IMPORTANCE
#!.!$!3 6!,5% 02/0/3)4)/. #ANADIAN )#4 HUBS OFFER BUSINESSES STRONG AND l NANCIALLY ATTRACTIVE OPERATING ENVIRONMENTS %STABLISHED PHOTONICS CLUSTERS ACROSS #ANADA BRING TOGETHER UNIVERSITIES RESEARCH CENTRES BUSINESSES AND PROFESSIONAL ASSOCIATIONS THAT PROVIDE THE INDUSTRY WITH WORLD LEADING POOLS OF KNOWLEDGE AND EXPERTISE #/34 !33%33-%.4
#ANADIAN .ON #ANADIAN # 53
&AVOURABLE OPERATING COSTS #ANADIAN LOCATIONS OFFER VERY COMPETITIVE COSTS COMPARED TO LOCATIONS FROM ADVANCED ECONOMIES AND OTHER .ORTH !MERICAN CITIES ANALYZED IN THIS BENCHMARKING STUDY 4HE #ITY OF 1UÏBEC %DMONTON AND 7ATERLOO 2EGION ALL OFFER A MORE COST COMPETITIVE
ALTERNATIVE THAN ANY 53 LOCATION !MONG LARGER CITIES 6ANCOUVER AND 4ORONTO ALSO OUTPERFORM COMPARABLY SIZED 53 CITIES OFFERING INVESTORS SIGNIl CANTLY LOWER OPERATING COSTS
15!,)4!4)6% !33%33-%.4 /& /0%2!4).' %.6)2/.-%.4
,IVING ENVIRONMENT 2EAL ESTATE )NFRASTRUCTURE COMMUNICATIONS &LEXIBILITY OF LABOUR REGULATIONS 0RESENCE OF INDUSTRYCLUSTER ,OCAL POTENTIAL TO RECRUIT SKILLED STAFF 'ENERAL BUSINESS ENVIRONMENT
! WEALTH OF OPTIONS TO CHOOSE FROM #ANADA OFFERS A STRONG QUALITATIVE PROPOSITION FOR PHOTONICS INVESTMENT )"- 0,)S ASSESSMENT OF THE OPERATING ENVIRONMENT RANKS 4ORONTO AS THE TOP .ORTH !MERICAN LOCATION BENCHMARKED /THER #ANADIAN CITIES INCLUDING THE #ITY OF 1UÏBEC /TTAWA AND 6ANCOUVER RANK IN THE TOP l VE IN .ORTH !MERICA WHILE 7ATERLOO
5NLESS OTHERWISE NOTED GRAPHS REPRESENT )"- 0,) ASSESSMENT SCORES
2EGION AND %DMONTON ROUND OUT THE TOP ! CRITICAL FACTOR TO THIS OVERALL SCORE IS #ANADAS APPEALING LIVING ENVIRONMENT WHICH IS IMPORTANT FOR ATTRACTING INTERNATIONAL TALENT WITH VITAL SPECIALIST KNOWLEDGE #ANADIAN LOCATIONS ALSO RANK WELL ON ESSENTIAL CRITERIA SUCH AS SKILLS AVAILABILTY 2$ AND CLUSTER PRESENCE
#!.!$!3 6!,5% 02/0/3)4)/. 0RESENCE OF INDUSTRYCLUSTER HIGHEST RANKING CITIES
3TRONG INDUSTRY PRESENCE 0ROXIMITY TO CUSTOMERS SUCH AS ELECTRICAL EQUIPMENT MANUFACTURERS AND TELECOMMUNICATION COMPANIES THE NUMBER OF PHOTONICS RELATED COMPANIES AND STRENGTH OF 2$ ARE ALL CRITICAL FACTORS WHEN ASSESSING INVESTMENT LOCATIONS
#ANADIAN .ON #ANADIAN
#ANADA IS HOME TO A WELL DEVELOPED PHOTONICS SECTOR -ANY #ANADIAN CITIES HOST VIBRANT PHOTONICS AND RELATED INDUSTRY CLUSTERS THAT ARE SUPPORTED BY A NETWORK OF WELL ORGANIZED ASSOCIATIONS PRIVATE PUBLIC RESEARCH PARTNERSHIPS BUSINESS INCUBATORS AND RESEARCH INSTITUTES DEDICATED TO PHOTONICS /NE SUCH EXAMPLE THE #ANADIAN 0HOTONICS &ABRICATION #ENTRE LOCATED IN /TTAWA WORKS WITH START UPS SMALL AND MEDIUM SIZED COMPANIES LARGE CORPORATIONS GOVERNMENT LABORATORIES AND ACADEMIA TO PROVIDE PROTOTYPING AND PRODUCTION RUNS OF PHOTONIC DEVICES AND PHOTONIC INTEGRATED CIRCUITS
2ESEARCH AND DEVELOPMENT HIGHEST RANKING CITIES
#UTTING EDGE 2$ 4HE AMOUNT OF 2$ EXPENDITURE TOP NOTCH UNIVERSITY RESEARCH INSTITUTIONS AND SUCCESSFUL PHOTONICS RELATED PATENTS HIGHLIGHT #ANADAS RESEARCH STRENGTH IN THIS l ELD #ANADA UNDERSTANDS THAT 2$ AND INNOVATION ARE CRITICAL FOR FOSTERING GROWTH .EW APPLICATIONS FOR PHOTONICS TECHNOLOGY CONTINUOUSLY EMERGE INm UENCING MANY SECTORS #ANADA INVESTS BILLIONS ANNUALLY TO ENSURE THAT INVESTORS HAVE ACCESS TO THE BEST 2$ TALENT AND INFRASTRUCTURE IN THE WORLD
#ANADIAN .ON #ANADIAN
#ANADA ALSO PROVIDES THE 3CIENTIl C 2ESEARCH AND %XPERIMENTAL $EVELOPMENT TAX INCENTIVE AND PROVINCIAL TAX CREDITS TO HELP l RMS REDUCE THE COST OF 2$ EXPENDITURES AND TO PROMOTE INNOVATION 0ERHAPS THIS EXPLAINS WHY #ANADA RECEIVED 53 PATENTS FOR OVER INNOVATIONS RELATED TO OPTICAL COMMUNICATIONS FROM
0OTENTIAL TO RECRUIT STAFF HIGHEST RANKING CITIES
! DEEP TALENT POOL 4HE SIZE OF THE LABOUR MARKET AND THE PRESENCE OF EXPERIENCED ENGINEERS PHYSICIANS AND RESEARCHERS ARE CRITICAL TO THE SUCCESS OF 2$ ACTIVITIES 3TUDENT POPULATIONS IN RELATED l ELDS ARE ALSO IMPORTANT AS A SOURCE OF NEW EDUCATED EMPLOYEES
#ANADIAN .ON #ANADIAN
5NLESS OTHERWISE NOTED GRAPHS REPRESENT )"- 0,) ASSESSMENT SCORES )-$ 7ORLD #OMPETITIVENESS 9EARBOOK
2ANKED l RST IN THE WORLD FOR HIGHER EDUCATION #ANADA IS HOME TO AN EXCEPTIONALLY WELL EDUCATED TALENTED AND DIVERSE WORKFORCE #ANADIAN LOCATIONS ANALYSED IN THIS STUDY OFFER A LARGE TALENT POOL WITH SKILLS RELEVANT TO THE SECTOR INCLUDING A STEADY SUPPLY OF ENGINEERING GRADUATES 7ITH A LARGE NUMBER OF ENGINEERS AND INDIVIDUALS EMPLOYED IN PHOTONICS RESEARCH AND DESIGN 4ORONTO AND THE #ITY OF 1UÏBEC PLACE l RST AND THIRD RESPECTIVELY IN .ORTH !MERICA IN THIS CATEGORY
#!.!$!3 6!,5% 02/0/3)4)/. %STIMATED ANNUAL LABOUR COSTS HIGHEST RANKING CITIES
!DVANTAGEOUS LABOUR COSTS ! CALCULATION OF THE ESTIMATED ANNUAL LABOUR COSTS FOR A TYPICAL PHOTONICS RESEARCH DEVELOPMENT AND MANUFACTURING OPERATION IDENTIl ES THE SIGNIl CANT COST SAVING POTENTIAL OF #ANADIAN LOCATIONS OVER 53 COUNTERPARTS
#ANADIAN .ON #ANADIAN
!N IMPORTANT COMPONENT OF #ANADAS LABOUR COST ADVANTAGE RELATIVE TO THE 5NITED 3TATES COMES FROM THE LOWER COSTS OF PROVIDING EMPLOYEE BENEl TS #ANADAS NATIONAL HEALTHCARE SYSTEM IMPLIES THAT MOST MEDICAL INSURANCE COSTS ARE PUBLICLY FUNDED RATHER THAN PAID BY THE EMPLOYER RESULTING IN SIGNIl CANT SAVINGS
# 53
4HE #ITY OF 1UÏBEC AND %DMONTON BOTH OPERATE WITH LABOUR COSTS BELOW THAT OF ANY 53 CITY STUDIED WHILE 6ANCOUVER AND 4ORONTO ALSO SHOW MORE COMPETITIVE LABOUR COST LEVELS THAN SIMILARLY SIZED 53 LOCATIONS
/UTSTANDING QUALITY OF LIFE
,IVING ENVIRONMENT HIGHEST RANKING CITIES
!TTRACTING GLOBAL TALENT AND KNOWLEDGE TO MAINTAIN BUSINESS CAPABILITIES IS IMPORTANT IN A HIGHLY SPECIALIZED l ELD LIKE PHOTONICS WHERE COMPANIES REQUIRE KNOW HOW AND EXPERTISE SPANNING PHYSICS ENGINEERING AND OTHER EXPERIMENTAL SCIENCES
#ANADIAN .ON #ANADIAN
! CONDUCIVE BUSINESS ENVIRONMENT
)NTERNATIONAL MEASURES SUCH AS THE -ERCER #OST OF ,IVING 3URVEY 3PERLINGS #ITIES 2ANKED 2ATED AND %CONOMIST )NTELLIGENCE 5NITS QUALITY OF LIFE INDEX PLACE #ANADIAN CITIES NEAR THE TOP OF THE RANKINGS 7ITH ITS NATURAL BEAUTY COMPARATIVELY LOW COST OF LIVING AND SUPERIOR QUALITY OF LIFE IT COMES AS NO SURPRISE THAT #ANADA IS ONE OF THE BEST PLACES IN THE WORLD TO LIVE 4HAT EXPLAINS WHY #ANADIAN CITIES ATTRACT YOUNG INTERNATIONAL RECRUITS AND TALENTED EXPATRIATES FROM AROUND THE GLOBE
'ENERAL BUSINESS ENVIRONMENT HIGHEST RANKING CITIES
%CONOMIC STABILITY SUPPORT FROM GOVERNMENT AND LOCAL ECONOMIC DEVELOPMENT AGENCIES 2$ INCENTIVES BUSINESS PERMITTING PROCEDURES l NANCIAL SUPPORT AVAILABLE TO BUSINESS PRIVACY REGULATIONS INFORMATION SECURITY AND INTELLECTUAL PROPERTY RIGHTS ARE IMPORTANT CONSIDERATIONS FOR BUSINESSES WHEN INVESTING OR EXPANDING THEIR OPERATIONS #ANADA HAS CREATED AN ADVANTAGEOUS BUSINESS ENVIRONMENT FOR COMPANIES TO INVEST AND m OURISH 7ITH ONLY TWO PROCEDURES REQUIRED TO GET THE OPERATIONS GOING COMPARED TO SIX FOR THE 53 #ANADA MAKES IT EASY FOR NEW INVESTORS TO BE IN BUSINESS !S THE LEADING COUNTRY AMONG THE ' FOR '$0 GROWTH OVER THE LAST DECADE AND WITH THE WORLDS SOUNDEST BANKING SYSTEM #ANADA PROVIDES A SAFE AND STRONG BUSINESS ENVIRONMENT WITH TREMENDOUS GROWTH POTENTIAL FOR YOUR INVESTMENT
#ANADIAN .ON #ANADIAN
5NLESS OTHERWISE NOTED GRAPHS REPRESENT )"- 0,) ASSESSMENT SCORES 3OURCE )"- 0,) CALCULATIONS BASED ON 7ATSON 7YATT AND %CONOMIC 2ESEARCH )NSTITUTE %2) 3OURCE )"- 0,) EVALUATION BASED ON %CONOMIC 2ESEARCH )NSTITUTE AND -ERCER #OST OF ,IVING )NDEX 7ORLD %CONOMIC &ORUM 'LOBAL #OMPETITIVENESS 2EPORT /CTOBER
)NVEST IN #ANADA AT YOUR SERVICE 7E OFFER THE FOLLOWING VALUABLE SERVICES TO OUR CLIENTS q STRATEGIC MARKET INTELLIGENCE ON YOUR SPECIFIC SECTOR q DIRECT CONTACT WITH KEY DECISION MAKERS IN THE GOVERNMENT q REFERRALS TO CONTACTS IN FIRMS AND INDUSTRY ASSOCIATIONS AS WELL AS EXPERTS
q HELP IN IDENTIFYING A SUITABLE PLACE IN WHICH TO INVEST q ASSISTANCE IN DEVELOPING A BUSINESS CASE FOR YOUR NEXT INVESTMENT DECISION
/UR GLOBAL NETWORK WILL SHOW YOU WHY #ANADA IS YOUR STRATEGIC CHOICE FOR GROWTH 4O REACH AN INVESTMENT OFFICER IN YOUR MARKET PLEASE VISIT
WWWINVESTINCANADACOMGLOBALNETWORK
)NVEST IN #ANADA "UREAU &OREIGN !FFAIRS AND )NTERNATIONAL 4RADE #ANADA 3USSEX $RIVE /TTAWA /. #ANADA +. * %MAIL INVESTINCANADA INTERNATIONALGCCA 7EBSITE WWWINVESTINCANADACOM
#ATALOGUE .UMBER &2 % 0$& )3". .UMBER
4HIS PUBLICATION WAS PREPARED BY )NVEST IN #ANADA IN COOPERATION WITH )"- 0,) 4HE DOCUMENT COVERS A WIDE RANGE OF ISSUES AND IS NOT INTENDED TO BE A DETAILED NOR AN EXHAUSTIVE REFERENCE !CCORDINGLY BEFORE RELYING ON THE MATERIAL HEREIN READERS SHOULD INDEPENDENTLY VERIFY ITS ACCURACY CURRENCY AND RELEVANCE FOR THEIR PURPOSES AND SHOULD SEEK APPROPRIATE PROFESSIONAL ADVICE !NY REFERENCE TO COMPANIES OR INVESTMENTS IS FOR ILLUSTRATIVE PURPOSES ONLY AND DOES NOT CONSTITUTE AN ENDORSEMENT OF THOSE COMPANIES OR INVESTMENTS $ETAILS OF SOURCES FOR ALL QUOTED FACTS AND FIGURES ARE AVAILABLE UPON REQUEST 4HE 'OVERNMENT OF #ANADA DOES NOT ACCEPT ANY LIABILITY IN RELATION TO THE CONTENTS OF THIS WORK 4HIS PUBLICATION IS PRINTED ON RECYCLED PAPER AND IS AVAILABLE IN MULTIPLE LANGUAGES INCLUDING &RENCH ¥ (ER -AJESTY THE 1UEEN IN 2IGHT OF #ANADA AS REPRESENTED BY THE -INISTER OF )NTERNATIONAL 4RADE
7ATERLOO !DVANCED 4ECHNOLOGY ,AB /NTARIO #ANADA
q INFORMATION AND ADVICE ON SETTING UP A BUSINESS IN #ANADA
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