NEW YORK CITY AND TORONTO ARE FORMING A TECHNOLOGY, HEALTH, ENERGY & FINANCE ALLIANCE

According to Forbes Tech TORONTO & New York are in the process of creating an East Coast alliance to solve mutual problems and compete with other global hubs in the technology industry.

NEW YORK is a well-established global business and creative centre, while TORONTO is home to a smaller, but equally sturdy technology community.

“TORONTO’s STEM (acronym for the fields of science, technology, engineering and math) talent is world class. Much of the world’s AI (Artificial Intelligence) talent is based here. The city actively recruits young talent from the US and around the world to further develop their expertise in Canada. Young talent that moves to TORONTO tends to stay.” – SALIM TEJA, entrepreneur & tech investor, leads venture services at MaRS/Toronto

“Networks and cities matter when you’re building a business in the financial industry. I don’t buy the idea that tech entrepreneurs can be digital nomads. Our U.S. expansion depends on us having feet on the ground in New York.” VIC MAGDELINIC, CEO of Toronto-based Overbond

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