Posted by Laura Leslie
November 25, 2015
Talent Attraction Remains a Sore Spot in Canada's Startup Ecosystem
In my last post I touched on the strong support system and available resources for our blooming startup communities in Canada. The rock-solid foundation we offer entrepreneurs is an easy competition to enter with Silicon Valley. Talent attraction however, is not.
In recent years losing top talent to the USA has been a serious concern for Canadians in the tech industry, especially those considering making us their businesses home. Approximately 350,000 Canadians have made the pilgrimage over to Silicon Valley, which is over 1% of our total population. An alarming number when put in perspective and something that we as Canadians need to continue getting a handle on.
Supply vs Demand
We all know how daunting a Canadian winter can be. We relish in the warmth of summer for three months and collect supplies for winter hibernation the other nine. But it can’t be the endless summer that is drawing our talent out of Canada and into perpetual shorts-weather. More likely it’s what happens when supply has trouble meeting demand.
Read the full Press Release here