Did you know that Canada has the third largest video game industry in the world in terms of employment? Being such a major contributor to the country’s economy, gaming is now rivaling film and television. The increase in higher education courses of game design, computer programming, animation, and concept art is a another major influence of this success. Many of the largest gaming studios such as BioWare, Ubisoft, EA Canada, Ocean Interactive, and Rockstar are presently in Canada as well. These studios are home to some of the most popular video games like the “Need For Speed, Assassin’s Creed, Far Cry, and FIFA.” British Columbia, Quebec, and Ontario comprise of over 80% of the studios. This hotbed for gaming activity has made this nation “the largest gaming industry in the world per capita basis.”
How and Why Has Canada Become So Active In Game Development?
It’s rather simple as stated above. More and more institutions of higher learning are offering more courses/classes in this field. Canadians are deciding to stick around their home country instead of taking their talents elsewhere. With so much pro-activity going on, Canada is exploding with new ideas, concepts, and content that rivals other competitive nations. The average employee in this industry is averaging around $72,500 per year with the average person’s age of only 31 years old. In total there are 329 gaming companies that employ 16,500 people.
Generous tax incentives are another reason for this boom. These tax incentive programs offer between $50,000-$500,000 to new development companies per year to help supplement development costs. Ontario Media Development Corporation (OMDC) reported Ontario’s gaming companies got back between 35-40% of all developer investment dollars including marketing costs and artists. In other words, “a high percentage of what’s being developed, produced, and sold is being consumed by the country’s very own general public.” This personifies the term group economic https://apoteketgenerisk.com/.
Being federally owned, the Business Development Bank of Canada has over a billion dollars under current management and it is mandated to help develop and create Canadian businesses. Canada is doing business the right way and should be a model of design for other nations.
Facts and Figures
With such a huge effect on Canada’s economy, many people could be a bit skeptical on what’s going on. Here are some facts and figures to give those a more in-depth knowledge and a better feel for what’s happening.
1. The (ESAC) predicts Canadian studios will generate up to 1,377 high paying technical and creative jobs over the next few years.
2. Canada’s $3 Billion contribution to the (GDP) represents a 31% annual increase year after year.
3. $8 Million investment by Ubisoft Montreal for future training the next wave of game developers/creators for the next 5 years.
As you can see, the Canadian Gaming Industry is setting the bar high by developing concepts, investing in those concepts, producing, and selling the products in the most efficient way possible. These factors include access to creative and skilled technicians and local government support. Though Canada as a country is large in size, but the success comes from having a much stronger since of community.