23 Sep 2014 BC Tech 4-Point Plan
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:
- 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
- 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.
- 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.
- 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