Entrepreneurship in Toronto - Panel du matin - Rendez-vous des professionnels en entrepreneuriat...

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Entrepreneurship & Innovation in Toronto

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Présentation au Rendez-vous des professionnels en entrepreneuriat 2013 par Katherine Roos, Manager, Small Business Economic Development and Culture, City of Toronto

Transcript of Entrepreneurship in Toronto - Panel du matin - Rendez-vous des professionnels en entrepreneuriat...

Page 1: Entrepreneurship in Toronto - Panel du matin - Rendez-vous des professionnels en entrepreneuriat 2013

Entrepreneurship & Innovation in Toronto

Page 2: Entrepreneurship in Toronto - Panel du matin - Rendez-vous des professionnels en entrepreneuriat 2013

Small is big!

An estimated $18.1 billion GDP is generated annually by these small businesses

Approximately 270,000 people are employed in Toronto businesses with fewer than 10 employees

77% of employer businesses – about 51,000 – have fewer than 5 employees

There are about 215,000 businesses in Toronto; 130,000 with no employees

At more than 16%, Toronto often has the highest rate of self-employment in Canada

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Firms by Employment Size

-

10,000

20,000

30,000

40,000

50,000

60,000

1-4 5-9 10-19 20-49 50-99 100-199 200-499 500 +

Nu

mb

er

of

Fir

ms

Number of Employees

2002

2007

2012

Source: Statistics Canada, Canadian Business Patterns December of 2002, 2007, 2012

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Collaborating for Competitiveness

Recommendation C.1: Help small and medium size enterprises form and prosper

• Work with seasoned entrepreneurs, industry associations, and business organizations to establish wider networks of incubators, accelerators and mentors.

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Services for Entrepreneurs

The ONE Network:• Enterprise Toronto• Provincial Business Advisory Services• MaRS Discovery District• Ontario Centres of Excellence

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Services for Entrepreneurs

• Toronto Food Business Incubatorwww.tfbi.ca

• Toronto Fashion Incubatorwww.fashionincubator.com

• Toronto Business Development Centrewww.tbdc.com

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Services for Entrepreneurs

Necessity Entrepreneurs– 20 Employment Resource Centres– Self-employment benefit & training providers– Community organizations

• Live Arts Inc.• YES• Miziwe Biik

– Toronto Public Library

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Opportunities & Challenges

• Opportunities– Sector and labour force diversity– 4 universities & 4 colleges– Leveraging provincial and federal investments in

entrepreneurship & innovation

• Challenges– Services coordination across the ecosystem– Business community leadership– Developing incubation/acceleration programs for

non-tech growth businesses

Page 9: Entrepreneurship in Toronto - Panel du matin - Rendez-vous des professionnels en entrepreneuriat 2013

Katherine Roos

Manager, Small Business

Economic Development &Culture

City of Toronto

Tel: (416) 395-7474

Email: [email protected]

LinkedIn: http://ca.linkedin.com/in/katherineroos

Twitter: @KatherineRoos or @EnterpriseTO