The document discusses the financial services cluster in the Greater Toronto Area (GTA). It defines a cluster as a concentration of interconnected companies and industries in a geographic region. The GTA financial services cluster is the third largest in North America, behind New York and London, and includes major banks, credit agencies, security dealers, and insurance companies. It has over 200,000 employees in the financial sector, most of whom have post-secondary education, and it offers a skilled labor force and lower operating costs than major US financial centers.

1. GTA FINANCIAL SERVICES CLUSTER 2010BY: Mark Kong

2. What is a cluster?a “cluster” is defined by Michael Porter as a concentration of companies and industries in a geographic region, which are interconnected by the markets they serve.

3. Clusters exchange information in order to further develop and innovateRole of a clusterIncubator

4. Innovation Centre

5. Convergence Centre

6. Accelerator

7. Centre of ExecellenceRequirements of a successful clusterExcellent Skill base

8. Innovative and R&D Capacity

9. Networks and PartnershipsWHY cluster?Economic Development

10. Corporate Business Strategy

11. Innovations

12. Better Jobs ( Security, Wages)GTA FINANCIAL SERVICES CLuSTERThe Greater Toronto Area is the financial capital of Canada and the third largest financial services centre in North America.