CO EDC | Invest Here - Industry Statistics → High Technology

The Thompson-Okanagan Development Region accounts for approximately 8% of technology firms in the Province. Over one third of those businesses are located in the Central Okanagan. The high-tech sector in the Central Okanagan, as it is provincially, is dominated by service sector firms with 85% of high technology firms in the service sector.

According to an Okanagan Science and Technology Council (OSTEC) survey conducted in 2006, the bulk (81%) of technology firms in the Okanagan are located in Kelowna. In total, 85 OSTEC member companies were surveyed.

The Okanagan Science and Technology Council completed the "Okanagan Technology Study" in March of 2005, as well as "The Present State of High Technology Business in the Okanagan Region" in January 2007. Both full reports can be found on their website but highlights include:

· Annual increase in number of technology companies is approximately 5%
· Annual employment growth in the industry is approximately 10.8%
· Industry revenue is growing at a rate of 10% - 25% per year
· More than 60% of companies export to US, and 50% have international clients
· The average R&D budget for sample companies was $75,000 in 2004, and was expected to increase to $90,000 in 2005.

Additional information on the high technology industry can also be found in the technology industry section of the Regional Economic Profile.

Two major research institutions provide a focus for research and development. The Pacific Agri-Food Research Centre located just outside of Summerland, south of Kelowna, combines leading-edge technology with the study of agriculture to benefit the area’s diverse economy. Here, scientists partner with local orchardists, vintners, farms and private enterprise to develop innovative practices.

The National Research Council’s Dominion Radio Astrophysical Observatory near Penticton offers antenna and radio frequency engineering services including training, graduate student programs and industry consultation. Part of the Herzberg Institute of Astrophysics, this 25,000 square foot facility performs specialized research and development using wireless technology that has been applied by local companies.

In addition the region's post-secondary institutions, Okanagan College and University of British Columbia Okanagan offers its Research Services/Technology Access Centre in support of research partnerships with industry and college projects.

ADDITIONAL RESOURCES:
· 2008 Premier's Technology Report