Toronto/CMEDIA: The Ontario government successfully concluded another successful trade mission to the United States by launching Going Global Initiative, a strategic partnership between the Ontario Vehicle Innovation Network (OVIN) and Air Canada.
Aiming to promote provinces’ growing automotive, technology and life sciences sectors and attract new investment opportunities, two delegations of 35 Ontario companies, led by Vic Fedeli, Minister of Economic Development, Job Creation and Trade representing Ontario participated in two of the world’s largest technology and innovation conferences, the Biotech Showcase and Consumer Electronics Show.
“As one of the largest IT clusters in North America, innovation thrives in Ontario…we’re working to build a stronger economy…between Ontario innovators and global industry leaders, creating new opportunities for businesses in this province,” Minister Fedeli was reported saying in a news release.
While 19 Ontario companies participated on January 8 in San Francisco, the Biotech Showcase, a premier investor conference to showcase their health care innovation. an additional 16 Ontario companies participated from January 9 to 12 in Las Vegas at the Consumer Electronic Show (CES) — one of the largest and most influential tech events in the world.
Minister Fedeli announced at CES the launch of Going Global, a new strategic partnership between the Ontario Vehicle Innovation Network (OVIN) and Air Canada that will provide flight discounts to Ontario businesses participating in Ontario-led trade missions.
Lower travel costs will encourage more Ontario companies to join these trips and broaden their consumer reach, but also showcase their innovative offerings in international markets and foster strategic partnerships within the international innovation sector.
With the second largest number of information and communications technology (ICT) establishments in North America, Ontario is home to more than 408,000 ICT workers and attracted $27 billion in investments by global automakers over the past three years as well as more than 65,000 STEM students every year graduate from post-secondary programs across the province and produce one of the most highly skilled workforces in the world.
As the only jurisdiction in North America, Ontario also has five major global automotive assemblers: Stellantis, Ford, General Motors, Honda and Toyota.
