Silicon Valley has a second address, and it’s becoming much more than a summer cottage these days. Welcome to Toronto, the hottest new venue for the North American tech industry. For starters, this Silicon Valley cottage residence has lured in Intel Corp, Uber, Microsoft and Silicon Valley Bank, among others.
As reported by the Wall Street Journal, Intel Corp. is planning to build a graphics-chip design lab in Toronto. Uber is opening up an engineering hub. Alphabet, the parent company of Google, is establishing a campus in Toronto for its Lake Ontario “smart city”. Microsoft is working to significantly expand its Toronto labor force, too.
That means that there is also a lineup of startups preparing to go public in Canada, following on the coattails of the successful IPOs of Shopify Inc. and Lightspeed POS Inc earlier this year….CLICK for complete article