Brad Duguid, Minister of Economic Development, Employment and Infrastructure, this week delivered a keynote address about Ontario’s economic development strategy and new Business Growth Initiative at King Edward Hotel in Toronto.
During his speech, Duguid talked about the importance of technology in advancing Canada’s economy.
“Disruptive technologies are changing the way we do business, the way we consume products and the very way we live,” he said. In Ontario, Duguid says the government has “doubled our investment in research and we’ve worked hard to make Ontario a hotbed for innovation.”
He also mentioned post-secondary efforts, which are “producing some of the best researchers and innovators in the world today [and] developing world-class centres of innovation and startup incubators,” a fact backed up by UBI Global’s latest rankings.
Duguid, who was testing the Canadian-made Myo Armband by the local Thalmic Labs during his keynote, called the Waterloo-Toronto region a “Super Tech Corridor” that is second only to Silicon Valley in the US.
“This technology will change our lives, and disrupt our economy,” he said, referencing self-driving golf carts at the University of Waterloo, 3D printing, and artificial intelligence robotics. “It won’t be long until we see drones delivering pizza. Our world is changing and we have to change with it.”
“It’s crucial for Ontario’s innovation ecosystem to be at the forefront of this advancement,” Duguid added. “We have the entrepreneurs. We have the startups. We must now build on our strengths to make them globally competitive.”