It was great to see the comments from people in Ottawa, Toronto and Waterloo discussing the strength of, and differences between each community. It’s a testament to the connection between the Ontario’s tech centers. What’s missing – beside Montreal – is this same discussion on core problems that affect all Canadian tech companies – like funding (tax treatment and education I’d say) and discussion of intercity methods of sharing knowledge and supporting innovation (camps and communication infastructure).
What’s happening is that the world (I’ve heard similar things from the London, Leeds, and Manchester) is beginning to recognize that if we are ever going to upset the dominance of Silicon Valley – an area that treats the world is as its innovation hinterland – we have to build on the strength and diversity of our regional communities – rather than surrendering the best to American investors.
What I mean by regional is a strategy based on communities co-operating and upper levels of governments enhancing that co-operation with connectivity and funding. Why for instance should Entrepreneurship 101 not be broadcast throughout Ontario using funding to enable web casting and a local partner to provide local instructional support and facilitate inter and intra community interaction? This builds local and regional community, entrepreneur’s knowledge while at the same time building a network of organizational relationships at the regional level. The same thing could be done with OCRI and Communitech programs – as well as DemoCamps and other industry events. The alternative is to spend $500.M of public money duplicating MaRS in Ottawa – an idea that lies at the heart of Innovation HUB proposal.
We need to develop a sense of extended community that allows people and businesses to identify partners and opportunities outside their geographic area. This is important because economic benefit occurs is where problem knowledge, technology application and business insight intersect. At one time it could have been argued that this was the domain of cities – because of the density of interactions – however the emergence of community around blogs/forums/video has shown that technology can serve as an intermediary for connection instead of geography. At the same time the scale of competition has increased dramatically. Countries like China and India have massive population advantages that statistically increase the probability that it will be them, not us, who discover and exploit new opportunities. A single city is no longer big enough to form a global competitive advantage.
As I see it we these trends will guide many new business models.
– cheap and rich communication
– the adoption of networked business models (outsourcing being but one example)
– a decrease of vertically integrated companies
– more innovation occurring at the intersection of fields of knowledge
– globalization (competition for customers & innovation) reaching into smaller and smaller market niche
– rising energy and carbon offset fees increasing the costs for physical travel and shipping
They also provide a framework for regional economic development that can rival the world’s mega cities in terms of the diversity and connection – while being economically efficient, providing program excellence and diversity, and serving every company type – even if the threshold in a local are doesn’t warrant local provision of that service.
Of course the devils’ in the details, but the place to start is to explore how pervasive broadcast of local events through the broader region builds community and connections that wouldn’t occur otherwise.