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Waterloo Region

Quick Facts
Province: Ontario
Population: 533,700

The Region of Waterloo is made up of the cities of Cambridge, Kitchener, and Waterloo, and the Townships of North Dumfries, Wellesley, Wilmot, and Woolwich.

Waterloo Region, known as Canada’s Technology Triangle, has developed the infrastructure necessary to support the pioneering efforts of local industry in everything from wireless to hybrid car technologies. With more than 150 local research centres and 550 technology companies, Waterloo Region is responsible for producing world-renowned products such as Research In Motion’s BlackBerry and Toyota’s Lexus RX 350.

Key Advantages

  • GDP of $ 21.5 billion and exports of $11.4 billion in 2006
  • University of Waterloo (UW), one of the three post-secondary institutions in Waterloo Region, is a highly commended institution, repeatedly recognized by Maclean’s magazine as Canada’s most innovative university and topping the categories for Best Overall and most likely to produce leaders of tomorrow
  • University of Waterloo has the largest cooperative education program in the world, providing a continuous stream of new graduates to meet the needs of traditional industries and businesses, and knowledge-based and technology-driven companies
  • More than 22 percent of all spin-off Canadian IT companies have originated in UW incubator programs, where students and faculty retain intellectual property rights when innovations are commercialized
  • Culture of learning is also complemented by a culture of leisure: residents can attend symphony concerts, kayak on the Grand River or take in all the action Toronto has to offer less than an hour down the highway
  • With more than 500,000 people within 30 km, over 5.2 million people within 100 km and a more cost-competitive business environment than Toronto, Vancouver, Calgary, Montreal and Ottawa, investment is steadily increasing in Waterloo Region
  • Advanced manufacturing in engineering and robotics—ATS Automation Tooling Systems, Babcock & Wilcox Canada, Rockwell Automation
  • Prominent financial services sector—BMO Ontario headquarters, Sun Life Financial, Manulife Financial, The Economical Insurance Group
  • Emerging health and life sciences cluster with significant recent investments—UW’s School of Pharmacy, Human Pharmacodynamic Research

Advanced Technology Companies

The number of high tech companies located in Waterloo has grown from 327 to more than 500 in the past three years. This growth is the result of a record number of tech companies starting up, expanding and breaking into brand new technology markets. The following are just a few of Waterloo’s successful tech companies:

  • 3M
  • Adobe Systems
  • Agile Systems
  • AMI Semiconductor
  • Automation Tooling Systems (ATS)
  • Audax Group
  • Babcock & Wilcox Canada
  • Campana Systems
  • Descartes Systems Group
  • Google
  • IBM
  • McAfee
  • Merck
  • MKS
  • NavTech
  • Open Text
  • Oracle
  • Polymer Technologies
  • Raytheon
  • RDM
  • Research in Motion
  • Sandvine
  • S-S Technologies

Sector Strengths

  • High Tech
  • Automotive
  • Advanced Manufacturing
  • Financial Services
  • Life Sciences