British Columbia, Canada provides the resources and support to help cleantech companies grow into the global market.
The clean technology sector, including power generation, energy efficiency, transportation and industrial processes that create green benefits, has been growing steadily. Worth $3 trillion per year globally, clean tech is creating great opportunities for investment in British Columbia.
More than 270 clean technology companies have made British Columbia home. These green-thinking firms are recognized internationally for leadership in the industry. British Columbia’s supportive environment and programs will help your clean technology company grow as the sector expands to meet worldwide demand.
QUICK FACTS
British Columbia has one of the highest tech sector growth rates relative to GDP in Canada
British Columbia is home to more than a quarter of Canadian clean technology companies
Seven B.C. cleantech businesses are on the 2019 Global Cleantech 100, which lists companies from around the world with the most innovative and promising ideas in cleantech.
British Columbia has abundant water and clean, reliable energy – 98% created directly from renewable resources
KEY ADVANTAGES
Technology companies in British Columbia can count on an environment that actively encourages investment, with competitive taxes, reduced regulations and many opportunities for growth.
Research and development -Twenty five world-class educational institutions and several centres of excellence support green research and technology development.
Competitive business environment -British Columbia offers a stable fiscal environment that is cost-competitive with other major North American centres. Enjoy competitive personal taxes, a general provincial corporate income tax rate of just 12% and a combined provincial/federal rate of just 27%.
Low power pricing -98% of British Columbia’s electricity comes from renewable resources. This provides clean power to support industry developments at some of North America’s most affordable and reliable rates.
Top talent – British Columbia’s large, flexible and educated workforce of more than 1 14,000 workers across the broader tech ecosystem is well represented by young, diverse and energetic talent.
CLEAN TECHNOLOGY SECTOR SNAPSHOT
British Columbia’s clean technology sector is built on a solid foundation of global recognition for sound environmental stewardship and leadership in the fuel cell industry. The province also offers a leading-edge bio-energy sector, world-class utility programs, ready-access to natural gas and strong linkages to world markets.
Investors and companies from around the globe are discovering the financial and environmental benefits of our clean technology projects in fields including:
Hydrogen and fuel cells, particularly for applications beyond transportation, from the smallest mobile devices to telecommunications stations.
Clean transportation, with major international manufacturers developing plug-in electric, fuel cell, and natural gas engines.
Energy management and efficiency technologies, such as smart measurement, monitoring, and controls that power intelligent energy use.
Renewable energy technology based on the development, testing and use of British Columbia’s abundant natural resources.
Water and waste resource management technologies that turn wastewater and solid waste into pristine drinking water, clean energy and valuable, marketable materials.
Innovating locally, exporting globally The reach of the industry is considered as British Columbia’s cleantech companies sell a significant volume of products and services to customers outside of the province. British Columbia’s largest export market is the United States, while combined sales to Europe, Asia, and other countries is expected to grow to one-third of the sector’s total revenue by 2021.
TECHNOLOGY SECTOR SUPPORT In addition to general business incentive programs, British Columbia and Canada offer the following programs specifically for the technology sector:
BC Tech Fund A $100 million venture capital fund that invests in British Columbia’s emerging technology companies across multiple sectors, including clean tech, information and communications technology (ICT), digital media and life science/healthcare.
First Nation Clean Energy Business Fund Promotes increased Indigenous participation in the clean energy sector.
National Research Council of Canada Industrial Research Assistance Program Provides financial support to qualified small and medium-sized enterprises in Canada to develop technologies for competitive advantage.
Sustainable Development Technology Canada Finances and supports clean technologies that provide a solution to issues of climate change, clean air, water and soil and that deliver economic, environmental and health benefits to Canadians.
CLEAN TECHNOLOGY SECTOR SUPPORTS
British Columbia’s green centres of excellence bring experts from the public, private and academic sectors together to collaborate on applied research, development, and commercialization of new technologies.
British Columbia Incorporation Service in 24 Hours
Business Corporations are incorporated in British Columbia, according to the provisions of the British Columbia Business Corporation Act with the British Columbia Corporations Division. Company Formations Canada provides fast and easy British Columbia Incorporation Service and provides all the documents your new British Columbia corporation will need to stay up-to-date and in compliance with the British Columbia Business Corporation Act.
