2014 BC Tech 4-Point Plan

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2014 BC Tech 4-Point Plan

Developed through consultation with the BC Tech community, the 4-Point Plan for Growth focuses on key policy initiatives and recommendations to help shape and grow BC’s tech sector:

  1. Double the level of venture capital investments in BC
    • Double the size of the Angel Tax Credit program by encouraging federal government to adopt nationally.
    • Invest an additional $100 million of capital annually to venture capital; leveraged 3:1 with private investment.
    • Establish an independent committee to investigate the feasibility of Equity Crowdfunding for startups and entrepreneurs
  2. Invest in Talent Attraction and Training
    • Acceleration of foreign worker approvals through the Provincial Nominee Program.
    • Increase the number of graduates from post-secondary science/technology programs.
    • Expand BC Training Tax Credit program to include Co-op and Internship placements.
    • Support industry in the delivery of strategic talent attraction and retention initiatives.
  3. Leverage procurement to foster a Home Team Advantage for BC tech companies
    • Leverage federal IRB program to support BC technology companies.
    • Institute Pre-commercial Technology Adoption Program (similar to CICP).
    • Introduce Set-Asides in procurement for SMEs across government, agencies and crown corporations.
  4. Invest in Building Company Capacity
    • Provide financial support to industry-driven, capacity-building programs that deliver measurable results through real company growth and the creation of new jobs.

2014 BC Tech 4-Point Plan

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