News

Why the future is Asian

Global-strategy adviser Parag Khanna describes the ways that the world economy is increasingly Asia-centric and will be moving even more swiftly in that direction.

https://www.mckinsey.com/featured-insights/asia-pacific/why-the-future-is-asian?cid=other-eml-alt-mip-mck&hlkid=1a4fa99a493f4f3993ac4b7cc33135ba&hctky=9274777&hdpid=eb90f7fc-46f4-4ea6-ba6f-a3948a403621

Sonny Cho International & TVO

Sonny Cho International Inc. is pleased to announce its new Affiliate relationship with TVO’s Independent Learning Centre (ILC), to provide students access to the highly acclaimed Ontario education. Canada’s high school education is ranked among the best in the world, and ILC’s Ontario secondary school courses are developed by The Ontario Ministry of Education and delivered by Canadian certified faculty. The TVO ILC is Ontario’s largest public high school, with more than 20,000 students taking distance-learning courses towards their diploma or as pre-requisites for post-secondary programming. www.ilc.org

Canada Announces C$17M in Funding to Help Tech Firms Expand into Global Markets

Parliamentary Secretary to the Minister of International Trade Diversification, Omar Alghabra, has announced C$17 million over five years to expand the Canadian Technology Accelerator (CTA) program as part of Canada’s commitment to help small and medium-sized enterprises expand and diversify their exports. The funding will allow the expansion of CTA programming to global innovation centres: Delhi, Mexico City, London, and Berlin. This builds upon the recent expansion of the CTA to four Asian cities (Hong Kong, Taipei, Tokyo and Singapore), funded as part of Budget 2018’s commitment to strengthen Canada’s diplomatic and trade support presence in Asia. Since the program was established, the CTA has resulted in $510 million in capital raised, $190 million in new revenue, 996 strategic partnerships and 2,125 new jobs for 489 small, high-potential, high-growth firms in key technology sectors (information and communications technologies, life sciences, and clean-tech), the Government said in a release.

$100 Million Donation for New AI Centre

The new Schwartz Reisman Innovation Centre will turbocharge the next wave of Canadian innovation, advancing how AI, biomedicine and other disruptive technologies can enrich lives.

Thanks to an historic gift to the University of Toronto from Gerald Schwartz and Heather Reisman, the soon-to-be built Schwartz Reisman Innovation Centre will accelerate innovation in Toronto and Canada by creating the country’s largest university-based innovation node. The $100-million investment is the largest donation in U of T’s history and the largest gift ever to the Canadian innovation sector.

The gift will help construct a 750,000-square-foot complex designed to anchor U of T’s unique cluster of world-leading artificial intelligence scientists and biomedical experts, its world-class entrepreneurship network, and the country’s largest concentration of student- and faculty-led startups.

Big things are happening here – come and be a part of the evolution.

Discover why Ontario, Canada is a Hub for International Talent

People from all over the world are coming to Ontario, Canada to showcase their skills and contribute in a meaningful way – all while living a high quality of life. This “brain gain” is in part due to Canadians’ thirst for the new and exciting – Canada is a breeding ground for entrepreneurship and opportunity – but also because of Canada’s inclusive policies on talent and immigration. Tech companies in and around the Greater Toronto area have seen a surge in international job applicants. When companies have been asked why the number of applicants was so high, 61 per cent of them stated it was the work of the country’s Global Skills Strategy, a fast-track program launched in 2017 that expedites work visas for highly skilled workers from around the world in just 10 days.

Open work permits for spouses, and study permits for dependants will also be processed in two weeks – this way, families can stay together. Work permit exemptions are also in effect. Highly skilled workers who need to come to Canada for a very short-term assignment, and researchers taking part in short-duration research projects being conducted in Canada will not require a work permit. Canadians know that the next great breakthrough could come from anyone – from any gender, age or country. It is our core belief that this mentality is what sets us apart, which is why programs like the Global Skills Strategy are so important to future growth. Canada is open to having skilled foreign workers become permanent Canadian residents.

Canada wants the best and brightest to be able to call Canada their home. The program allows foreign workers, international students and others with the right skills, experience and education to apply for a nomination for permanent residence in Ontario. Ontario is becoming a powerhouse for highly skilled workers. Some of the largest companies in the world, like Google, IBM and BlackBerry continue to have significant operations in the province and are actively recruiting talent. It’s no surprise that conferences like Collision – North America’s fastest growing tech conference – are moving to Toronto, starting this May. And it’s why Toronto made the Amazon HQ2 shortlist.