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.
