While New York and San Francisco Have Built-up Deep Financial and Technical Infrastructure Thanks to Many Years of Flourishing Startups, Canada Is yet to Be on Par.
Downtown Kitchener is now referred to as the innovation district and houses around 45 startups leading to around 800 new jobs.
Toronto-Waterloo is the top startup ecosystem in Canada says the Startup Genome’s report. Toronto-Waterloo corridor took the top spot for the startup ecosystem in Canada while Vancouver lost its place in the top 20.
Waterloo has become the new destination for Silicon Valley’s startups to expand. Photo storage app maker Everalbum has acquired Pout, a startup that developed a fashion photo sharing app and thus has expanded into Waterloo.
Oktoberfest is the world’s largest travelling fair and beer festival. Held annually in Munich, Bavaria, Germany, it is a folk festival that lasts around 18 days from Sept to October and sees any people from across the Globe attending the event. The festival is also known as the ‘beer-fest’ and is famous for its parades, food and music. Apparently around Over 7,000,000 litres of beer are consumed each year during Oktoberfest.
Canadian technology companies are performing well. There have been companies growing and expanding rapidly while the tech boom has been on and companies that have stayed in their prime even after media attention fizzled out.