Vancouver has the potential – and opportunity – to become a significant player in the global tech ecosystem. For emerging tech hubs like Vancouver, companies must prioritize collaboration and cross-functional effort to compete with established cities like Silicon Valley, San Francisco, New York, and Miami.
Beatdapp highlights this opportunity and potential. We’re a Vancouver-based technology company playing on the world’s music and entertainment stage. It is a rare and exciting prospect, and our team here at Beatdapp are here and committed to making something amazing happen.
As one of the top 20 global music companies, according to Crunchbase, we have developed and maintained one of the largest IP portfolios by a Canadian startup. Building a tech hub in Vancouver has allowed us to become a tech industry leader and helped us lay the foundation for Vancouver’s next anchor company.
Through collaboration with other companies and organizations, tech companies can avoid the pitfalls of knowledge silos and share resources and expertise. This collaboration in Vancouver can foster a greater sense of community and support within its ecosystem, with the effects of creating a deeper innovation environment and brain trust that attracts top talent to the city.
The Vancouver Economic Commission recently reported that out of 100,000 tech professionals employed in British Columbia, 75,000 work in Vancouver. The city’s tech sector has an annual growth rate of 6% and the list of tech companies registered in Vancouver has already shot past 10,000.*
What’s needed for this tech hub to grow? We need to define growth not just as user acquisition but as a cross-functional effort that includes product development and customer experience that can help companies better understand and address their customers’ needs. We need emerging tech companies that are set on solving real-world problems. Innovations set out to make a meaningful impact. A holistic approach must be employed to this end: it will lead to more sustainable and profitable growth in the long term.
To fully realize the potential of Vancouver as a tech hub that rivals those like Silicon Valley for the attention of founders, startups, and investors, is collaboration. Know a real-world problem that you want to solve? Passionate about an idea that will make a difference in the lives of thousands? Hundreds of thousands? Millions? Billions? Collaborate and work with others to make it happen. By working together and focusing on the bigger picture, the tech industry in Vancouver will thrive.
Andrew Batey is an accomplished entrepreneur and early adopter of major industry transformations across entertainment, social media, P2P, IoT, and blockchain technology. Over the last 15 years, he’s raised over $50 million for his own startups and filed more than 40 patents across 7 countries around Artificial Intelligence, Machine Learning, and Data Infrastructure.
