Canada has taken prompt and farsighted interventions to counteract the growth of the COVID-19 pandemic in the country. The Government has announced a new set of digital measures to help stabilize the economy during the Coronavirus (COVID-19) outbreak
- COVID-19 is a global public health challenge that continues to evolve rapidly. The pandemic has greatly changed the daily lives of people around the world, including in Canada, and in response, the Government of Canada is developing digital tools to keep Canadians safe and informed.
- Minister of Digital Government announced two new additions to the Government of Canadas suite of virtual tools to support the health and wellness of Canadians during the COVID-19 pandemic.
- Get Updates on COVID-19 -is a web-based email service that provides subscribers with critical information related to the pandemic.
- Developed by Health Canada, the Canadian Digital Service (CDS), and Service Canada, subscribers to the service will get emails directing them to important and authoritative content on the Government of Canadas.
Innovation Economy Council formed to drive Canadas technology economy post-pandemic
- The founders of the newly established Innovation Economy Council (IEC) MaRS, OCE, Communitech, DMZ, Invest Ottawa and CCRM.
- They have published the groups first white paper: The post-viral pivot: How Canadas tech startups can drive the recovery from COVID-19.
- The IEC was formed as an informal coalition of industry leaders advocating on behalf of startup ventures at the beginning of the COVID-19 crisis and is looking at how Canadas established companies should work with innovators to navigate a post-COVID-19 world.
- Going forward, the new council will produce white papers and host events to help shape a new industrial innovation policy for the country.
Tech startups already drive employment and growth
- A 25-percent drop in employment in the technology startup sector would wipe out 274,000 jobs across the country nearly 130,000 in Ontario alone.
- But its not just the job loss that matters. Through case studies of promising startup companies, the report demonstrates how Canadas technology ecosystem is providing jobs and growth today, as well as new ideas that will power the economy for years to come.
- The vast majority of hub clients operate in a clutch of advanced industry groupings that account for nearly 12 percent of Canadas GDP and nearly two million jobs.
- Companies involved in computer systems design have added nearly 90,000 jobs since 2009 more than three times as many as the entire vehicle-manufacturing and auto-parts industry. Many of these startups also support established companies, providing innovative back-end data solutions.
Startups help advanced industries punch above their weight
- Advanced industries are creating jobs and are growing at a much faster rate than the overall economy. Employment in software publishing, for example, has grown nearly six times faster in Ontario since the 2008-2009 recession than overall private-sector job creation and four times the pace Canada-wide.
- GDP in the software industry has expanded at six times the pace of the overall economy in Ontario.
- After COVID-19, startups will help established corporations pivot
- Startups and tech companies can pivot quickly to support their clients and help the economy become more resilient, which is critical as global supply chains cope with massive disruption. This is apparent with the number of startups that have partnered with established firms to create products that are working to contain the virus and support the community.