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WATERLOO ICT CLUSTER

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  • 1. WATERLOO ICT CLUSTER By: Robert Lee MRK 625
  • 2. DEFINING CLUSTER
    • “ A concentration of companies and industries in a geographic region, which are interconnected by the markets they serve, and the products they produce, as well as the suppliers, trade associations and educational institutions.”
    • - Michael Porter
  • 3. MAJOR ICT CLUSTERS
    • WATERLOO
    • SILICON VALLEY
    • TORONTO
    • NEW YORK
    • BOSTON
  • 4. WATERLOO
    • Population:500 000 people and up
    • Population Growth Rate: 5.1%
    • Ranking in Urban Region: Canada’s 10 th and Ontario’s 4 th
    • GDP: $20.9 million
    One of Canada’s fastest growing communities Voted among the “Top 7 Intelligent Communities” in the world by Intelligent Community Forum “ Commitment to fostering institutions that drive technology innovation and share its benefits with the community at large.”
  • 5. MAIN CLUSTER STATISTICS Sector Number of Firms Employees Companies within given sector. High Tech (area of focus) 400 18 000 RIM, Open Text, Electrohome, Christie Digital, COM DEV International, AGFA Healthcare NCR Automotive (second largest) 450 10 000 Toyota, A.G. Simpson , Automation Tooling Systems (ATS), Canadian General-Tower Advance Manufacturing (largest) 1200 61 000 Babcock & Wilcox, Brock Solutions Canadian General-Tower, COM DEV Business/Financial 12 7 000 Sun Life Assurance of Canada, Manulife Financial, Equitable Life Insurance Business Process Outsourcing 65 1 000 Nordia, IBM, Rogers, AT&T, World Access Canada Biotech and Life Sciences 140 4 500 3L Filters, Agfa Healthcare, Agribiotics , ARISE Technologies, Conestoga Rovers
  • 6. MAIN CLUSTER STRUCTURES
    • Waterloo Research and Technology Park
    • Waterloo Accelerator Centre
    • Waterloo Innovation Center
    • Competitive ranking with similar clusters
  • 7. COMPETITOR: SILICON VALLEY
    • Population: 2,520,000 people
    • Population Growth Rate: 1.6%
    • Jobs: 1,412,372
    • High-tech jobs: 386,000
    Silicon Valley continues to be the leading high-tech hub because of its large number of engineers and venture capitalists. From 2007 to 2008, California’s GDP increased 3%
  • 8. DESCRIPTION OF SILICON VALLEY
    • The term Silicon Valley originally referred to the region's large number of silicon chip innovators and manufacturers, but eventually came to refer to all the high-tech businesses in the area One of the greatest sources of high-tech activity in the country
  • 9. COMPETITOR: TORONTO
    • Size of ICT: 92,500 source: E&B Data
    • Employment: 148,000 and up of 3,300 companies source: ICT Toronto
    • High-tech jobs: 148,000 source: ICT Toronto
    “ Our vision is that the Toronto Region will become, and be acknowledged globally, as one of the 5 most innovative, creative and productive locations in the world for ICT research, education, business, and investment by 2011.” – ICT TORONTO
  • 10. CLUSTER RECOMMENDATION FOR WATERLOO
    • Determine the cluster’s focus and establish a route for direction of the actual cluster
    • Information guide to direct the cluster
      • Offer bursaries, scholarships, and benefits to regional institutions
    SHORT TERM
  • 11. CLUSTER RECOMMENDATION FOR WATERLOO LONG TERM
    • Establish joint ventures relationships with international companies in an attempt to have them open a office in Waterloo, and create a better name for themselves (benefits)
    • Cluster structures (more of, and elaborate on) (i.e. portals, incubators)
    • Create benefits or some incentive for existing cluster firms and individuals
  • 12. THANK YOU FOR YOUR TIME