PacifiCan Allocates $6.6M to Link B.C. Tech to Global Market

Pacific Economic Development Canada

Globally recognized tech conference Web Summit Vancouver to provide significant boost to British Columbia's tech sectors for three years starting in 2025

The Collision Conference, hailed as the 'Olympics of Tech,' is coming to Vancouver thanks to support from the Government of Canada and a network of local economic development partners. The conference, to be rebranded as Web Summit Vancouver in 2025, will drive economic growth, attract investment and tech talent to British Columbia, and position our region as a global hub for innovation.

Today, the Honourable Harjit S. Sajjan, Minister of Emergency Preparedness and Minister responsible for the Pacific Economic Development Agency of Canada (PacifiCan) announced $6.6 million in funding to Destination Vancouver to host Web Summit in Vancouver over three years starting in May 2025. The Minister made the announcement in Toronto while attending Collison 2024.

British Columbia's tech sector includes over 11,000 companies and provides quality jobs for over 200,000 people. Bringing Web Summit to Vancouver will connect B.C.'s brightest innovators and entrepreneurs with tech leaders from around the globe, creating investment opportunities and lasting benefits for the local tech ecosystem.

Web Summit will also attract thousands of people to Vancouver's hotels, restaurants and other businesses, providing economic benefits to B.C.'s tourism sector.

Web Summit Vancouver is the result of a successful collaboration with partners who share PacifiCan's ambition for British Columbia and Canada. By partnering with Destination Vancouver, the Province of British Columbia, Innovate BC, Invest Vancouver, and the City of Vancouver, PacifiCan is helping bring the tech world to B.C.'s doorstep.

PacifiCan's vision is enduring prosperity for all British Columbians. The Government of Canada's investment in Web Summit Vancouver will resonate well beyond 2027, strengthening the tech ecosystem and propelling B.C. forward.

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