Entrepreneurship & Innovation in Toronto
Small is big!
At more than 16%, Toronto often has the highest rate of self-employment in Canada

There are about 215,000 b...
Firms by Employment Size
60,000

50,000

Number of Firms

40,000

30,000

2002
2007
2012

20,000

10,000

-

1-4

5-9

10-...
Collaborating for Competitiveness
Recommendation C.1: Help
small and medium size
enterprises form and prosper
• Work with ...
Services for Entrepreneurs
The ONE Network:
•
•
•
•

Enterprise Toronto
Provincial Business Advisory Services
MaRS Discove...
Services for Entrepreneurs
• Toronto Food Business Incubator
www.tfbi.ca

• Toronto Fashion Incubator
www.fashionincubator...
Services for Entrepreneurs
Necessity Entrepreneurs
– 20 Employment Resource Centres
– Self-employment benefit & training p...
Opportunities & Challenges
• Opportunities
– Sector and labour force diversity
– 4 universities & 4 colleges
– Leveraging ...
Katherine Roos
Manager, Small Business
Economic Development &Culture
City of Toronto
Tel: (416) 395-7474
Email: kroos@toro...
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Entrepreneurship in Toronto - Panel du matin - Rendez-vous des professionnels en entrepreneuriat 2013

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Présentation au Rendez-vous des professionnels en entrepreneuriat 2013 par Katherine Roos, Manager, Small Business Economic Development and Culture, City of Toronto

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  • Note: Employment establishment is an establishment with paid-help.This chart shows the number of firms (employment establishments) by employment size over the last 15 years in the City of Toronto. There are 84,798 firms in the City of Toronto in 2012: 10.9% Good-Producing firms and 89.1% Services-Providing firmsSee table below for breakdown by number of employeesTotal Employment Establishment by Number of Employees in City of Toronto % of total % of total % of total 2002 2007 2012 2002 2007 2012 Total 78,093 82,023 84,789 100.0% 100.0% 100.0% 1-4 40,168 48,483 51,073 51.4% 59.1% 60.2% 5-9 13,181 13,794 13,471 16.9% 16.8% 15.9% 10-19 10,297 8,566 8,729 13.2% 10.4% 10.3% 20-49 8,163 6,083 6,455 10.5% 7.4% 7.6% 50-99 3,401 2,513 2,555 4.4% 3.1% 3.0% 100-199 1,665 1,322 1,283 2.1% 1.6% 1.5% 200-499 828 829 794 1.1% 1.0% 0.9% 500 + 390 433 429 0.5% 0.5% 0.5% Firms with 1-4 employees have increased over the last 15 years in the City. These firms account for about 60% of the total number of firm in 2012, and increase of 1% share of total firm from 2007. (Created on May 9, 2013)
  • Entrepreneurship in Toronto - Panel du matin - Rendez-vous des professionnels en entrepreneuriat 2013

    1. 1. Entrepreneurship & Innovation in Toronto
    2. 2. Small is big! At more than 16%, Toronto often has the highest rate of self-employment in Canada There are about 215,000 businesses in Toronto; 130,000 with no employees 77% of employer businesses – about 51,000 – have fewer than 5 employees Approximately 270,000 people are employed in Toronto businesses with fewer than 10 employees An estimated $18.1 billion GDP is generated annually by these small businesses
    3. 3. Firms by Employment Size 60,000 50,000 Number of Firms 40,000 30,000 2002 2007 2012 20,000 10,000 - 1-4 5-9 10-19 20-49 50-99 100-199 Number of Employees Source: Statistics Canada, Canadian Business Patterns December of 2002, 2007, 2012 200-499 500 +
    4. 4. Collaborating for Competitiveness Recommendation C.1: Help small and medium size enterprises form and prosper • Work with seasoned entrepreneurs, industry associations, and business organizations to establish wider networks of incubators, accelerators and mentors.
    5. 5. Services for Entrepreneurs The ONE Network: • • • • Enterprise Toronto Provincial Business Advisory Services MaRS Discovery District Ontario Centres of Excellence
    6. 6. Services for Entrepreneurs • Toronto Food Business Incubator www.tfbi.ca • Toronto Fashion Incubator www.fashionincubator.com • Toronto Business Development Centre www.tbdc.com
    7. 7. Services for Entrepreneurs Necessity Entrepreneurs – 20 Employment Resource Centres – Self-employment benefit & training providers – Community organizations • Live Arts Inc. • YES • Miziwe Biik – Toronto Public Library
    8. 8. Opportunities & Challenges • Opportunities – Sector and labour force diversity – 4 universities & 4 colleges – Leveraging provincial and federal investments in entrepreneurship & innovation • Challenges – Services coordination across the ecosystem – Business community leadership – Developing incubation/acceleration programs for non-tech growth businesses
    9. 9. Katherine Roos Manager, Small Business Economic Development &Culture City of Toronto Tel: (416) 395-7474 Email: kroos@toronto.ca LinkedIn: http://ca.linkedin.com/in/katherineroos Twitter: @KatherineRoos or @EnterpriseTO

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