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Waterloo EDC Blog

Building a tech cluster alongside Canada’s top technology university

Posted by Waterloo EDC on February 13, 2020

Waterloo is known for its deep-rooted culture of collaboration between technology entrepreneurs, community builders and researchers.

In many ways the David Johnston Research + Technology Park (R+T Park) at the University of Waterloo (UWaterloo) is an embodiment of that collaborative culture and an example of its power in fostering innovation.

The 120-acre (49-hectare) park situated...

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Topics: technology, talent, business, site selection, Q&A, R&D

Four Waterloo companies on list of potential tech “unicorns”

Posted by Waterloo EDC on February 12, 2020

The annual Narwhal List of top companies based on global growth prospects identified four Waterloo companies as potential unicorns.

The term “narwhal” (a Canadian version of “unicorn”) is used to describe a private company valued at more than $1 billion that has the potential to go public. The Narwhal List identifies companies with the highest potential of unicorn success using a metric they...

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Topics: security, technology, artificial intelligence

Google announces big expansion of its Canadian operations

Posted by Waterloo EDC on February 6, 2020

Google has announced plans for significant new expansions in Waterloo, Toronto and Montréal.

At an event in Toronto, the company announced it is constructing new offices in each city, with the aim of accommodating up to 5,000 employees by 2022. Google currently employs 1,500 engineers, sales leaders and AI researchers in Canada, which means it will more than triple in size over the next two...

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Topics: business, site selection, Q&A

Why should I expand my company to a new location?

Posted by Waterloo EDC on February 5, 2020

This is the first part in our "Guide to Foreign Business Expansion" series tackling the 12 questions every business needs to ask. Download the full guide now.

Expanding requires significant planning, paperwork and, since you’ll be funding an entirely new operation, justification and risk. The process of finding a new location, identifying office space, building a team and maintaining...

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Topics: business, site selection, Q&A

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