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The startup scene in Canada

VIATEC reports that Greater Victoria, rather than the City of Victoria alone, has 1,172 technology companies, 20,007 employees, CAD $5.9 billion in annual revenue, and CAD $7.9 billion in economic impact. These are regional figures reported by the association.

Country
Canada
Population
289,625
Time zone
America/Vancouver
Fig. 968 · Canoe

About

VIATEC reports that Greater Victoria, rather than the City of Victoria alone, has 1,172 technology companies, 20,007 employees, CAD $5.9 billion in annual revenue, and CAD $7.9 billion in economic impact. These are regional figures reported by the association.

The University of Victoria reports that, since 2016, it has supported more than 500 students and launched 70 startup companies.

A local technology CEO describes a regional ocean-technology and defense cluster connecting ocean research, an accelerator, and maritime startups; this is attributed commentary, not independently verified evidence about the cluster. The same CEO attributes Plurilock’s UVic origin, operation from Fort Street in Victoria, public listing, and cumulative revenue above $250 million to the company; these outcomes are self-reported.

Startup ecosystem standing

Where Victoria ranks

Rankings that list Victoria
RankingEditionPositionSince last editionTrustWhat it measures
Global Startup Ecosystem Index (cities)2025#218No prior editionBEcosystem, Activity, Finance, Business Climate
Positions come from each publisher's edition. Open a ranking for its method and trust notes, or an edition for the full list.

24 organizations with a profile

Who's based in Victoria

Investors 14

SureSwift Capital logoInvestor

Investing in profitable tech-enabled businesses for steady returns.

Cindicates logoInvestor

Investing in innovative solutions for a sustainable future.

The 3 most prominent of 14. Browse all investors

Incubators 4

Project Zero logoIncubator

Empowering circular economy startups in British Columbia.

The 3 most prominent of 4. Browse all incubators

Accelerators 3

Alacrity Canada logoAccelerator

Empowering entrepreneurs through tailored support and investment.

Venture studios 3

W Venture Studio logoVenture studio

Empowering women-led ventures to drive innovation.

Beeloud logoVenture studio

Empowering the next generation of creators and builders.

Nimble Profit logoVenture studio

Building and funding capital-efficient startups.

Pick what describes you

Your way in

From public sources

What the sources say about Victoria

Questions about Victoria

How does Victoria rank as a startup ecosystem?

Its best position is #218 in StartupBlink Index (cities) (2025).

How many startup investors are based in Victoria?

14 investors based in Victoria have a profile here, including SureSwift Capital, Cindicates and Gustavson Capital. The real number is higher.

Are there accelerators or incubators in Victoria?

Yes. Victoria has 3 accelerators, 4 incubators and 3 venture studios on record, including Alacrity Canada, Project Zero and W Venture Studio.

Geographic proximity

Nearby cities to Victoria

All cities in Canada

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