Waterloo Region has grown into a tech giant over the last 10 years. They remain world-renowned for the second-highest density of tech talent in North America. That being said, the future of tech sales jobs in Waterloo provides a massive career opportunity for those who can seize it.
CBRE has called the experienced tech talent in Waterloo “exceptional” for two consecutive years. Moreover, the Region has been focusing more of its funding and development towards entrepreneurship. These efforts have placed Waterloo as the number one emerging talent sector in North America.
In the best interest of your present and your future, here are some other reasons for you to choose and prepare for a tech sales job in Waterloo!
Waterloo: A Tech Powerhouse
With a growing ecosystem of over 1500 tech companies, there are plenty of tech sales jobs in Waterloo to choose from.
In November 2020, Waterloo ranked number one in Canada as the fastest-growing tech market. That same year, Google began building an office building in Kitchener, Waterloo as they plan major growth over the coming years. This is the second office Google will build in Waterloo. The first, their engineering headquarters, hosts the Canadian Google for Startups Accelerator.
And guess what, Google plans to triple their hiring in Waterloo to 3,000 employees!
Another company from Waterloo making a name for itself on the international stage is Magnet Forensics. They are the first company to IPO from the region in 15 years. From our point of view, this is just a sign of what’s to come for this growing region.
These multinational tech companies all chose Waterloo because of the talent pool readily available. Steven Woods, Google Canada’s Senior Engineering Director, recognizes that Waterloo’s talent pipeline is one of the best in the world.
Here’s a quick fun fact; Uvaro also has roots coming from Waterloo! We started this company knowing that the potential for tech sales jobs is limitless with the right skills.
Waterloo Produces & Develops World-Class Tech Talent
Waterloo develops their own tech talent with famous incubator programs, innovation hubs & business schools.
Starting with Velocity, it is a recognized incubator program at the University of Waterloo that has helped launch more than 300 companies. In Canada, 18% of all tech founders are UWaterloo graduates. They have also been ranked in the top 40 of the world’s engineering and technology universities.
Another innovation hub in Waterloo contributing to the tech sales environment is Communitech. They have assisted over 1600 tech companies, entrepreneurs, and innovators with research and development. Communitech helps ensure that emerging and established technology businesses have a place to create new products.
The Lazaridis School of Business and Economics, next door to the University of Waterloo has also repositioned itself to focus on technology. This powerful transition will further increase the amount of technology-facing business graduates. As more founders and entrepreneurs graduate within the Region, we can increasingly connect you with tons of tech sales jobs!
Unicorns And High-Potential Startups
Many tech graduates from local universities take on different job positions in the Waterloo tech ecosystem, some eventually become successful startup founders. Which is part of the reason why they have such a well-developed startup community. Another reason is the large-scale economic development that Waterloo has planned.
Back in 2017, six graduates of UWaterloo had founded “unicorns” – tech companies valued at more than $1 billion. Three startups with homes in Waterloo achieved unicorn status last year, with two of them crossing $2 billion valuation.
The CTO of Faire, Marcelo Cortes is a UWaterloo graduate. Faire raised over $260 million in funding and Marcelo has recognised that the Waterloo ecosystem was the perfect place to base Faire’s tech operations. After all, Waterloo has a competitive cost of living, with opportunities for career advancement.
It is also worth mentioning that The Corridor has 5200 – and growing – startups. These are all supported by a collaborative network of incubators and accelerators.
What This Means For Tech Jobs In Waterloo
Waterloo will continue to attract investors as more founders and businesses innovate. Tech jobs in Waterloo need people who are ready for the exciting growth that comes with economic development. This is the best time for you to start thinking about what that means for your career and your future.
Waiting for you, right at your doorstep in Waterloo is a world of opportunity. Contact us to learn more about how Uvaro can help you seize your chance at a fulfilling career in an incredible tech ecosystem. With all this innovation, it is the perfect time to transition to a career in tech sales. Start today with us, Uvaro is here to help you.