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Emerging Economy Task Force to guide B.C.’s economic strategy

by pmnationtalk on July 11, 201870 Views

July 10, 2018

VANCOUVER – B.C.’s new Emerging Economy Task Force has launched, with the goal of ensuring British Columbians around the province can benefit from advances in innovation and technology.

The 14-member task force, led by chair Kathy Kinloch, is composed of people with a range of expertise and experience, from industry, business and academia. It has been established to provide a better understanding of how global conditions and emerging technological advancements will shape the future of B.C.’s economy.

“Understanding the emerging economy is imperative to ensuring that everyone has the opportunity to participate and benefit from our economy as it grows and evolves,” said Bruce Ralston, Minister of Jobs, Trade and Technology. “The task force will gather input from industry leaders to assess and determine the changing nature of business and the economy in the years ahead, and recommend how our government can best anticipate change.”

The Emerging Economy Task Force is a central part of the B.C. government’s Confidence and Supply Agreement with the B.C. Green Party caucus.

“To support our province’s long-term economic success, we need made-in-B.C. solutions to stay on top of the changing nature of business,” said Andrew Weaver, B.C. Green Party leader. “We proposed an Emerging Economy Task Force as a means of addressing how technology, innovation and global trends are changing business and society. This task force brings together key people who can identify the challenges we will face in the years ahead, and help us capitalize on the opportunities that arise.”

To maintain B.C.’s strong economic position, it is important for communities and industries to embrace innovation in order to capitalize on potential new developments.

“The priority of the task force is to define what an emerging economy in B.C. looks like, and what factors will affect economic growth in the next five, 10 and 25 years,” said Kinloch, president of the British Columbia Institute of Technology. “We will be working collaboratively to deliver advice and recommendations to the government that will help shape policy and provide made-in-B.C. solutions to support an innovative and diverse economy.”

The task force held its first meeting on Tuesday, July 10, 2018, at MineSense Technologies, a leading B.C. data analytics firm that specializes in creating innovative technologies for the mining industry.

“MineSense develops and utilizes new digital technologies that are transforming the mining industry,” said Jeff More, MineSense CEO. “The work of the Emerging Economy Task Force will help B.C.’s industries stay ahead of the technological curve.”

The task force will undertake engagement, assessment and advisory work starting in summer 2018, and will provide an interim report to the Ministry of Jobs, Trade and Technology in fall 2018. A final report is due in spring 2019 and will be made public shortly thereafter.

Quick Facts

  • The Emerging Economy Task Force is a key component of the Confidence and Supply Agreement (CASA) between the B.C. government and the BC Green Party caucus.
  • Innovation Commissioner Alan Winter, who was appointed in February 2018 to advocate for B.C.’s tech and innovation sector in Ottawa and internationally, is an ex-officio member of the Emerging Economy Task Force.
  • With 917,000 job openings anticipated for B.C. by the year 2027, the B.C. government is investing in future skills development, and working to attract skilled labour from around the world.
  • Of these new job openings, about 9% will be in science and technology, and 11% will be in the trades.
  • In January 2018, the B.C. government announced 2,900 tech-related spaces at post-secondary institutions throughout the province that will produce 1,000 additional tech grads a year by 2023, to improve access to training and education.

Learn More:

Emerging Economy Task Force: https://www2.gov.bc.ca/gov/content/governments/about-the-bc-government/emerging-economy-task-force

Innovate BC (formerly BC Innovation Council): https://bcic.ca/

A backgrounder with biographies of the task force members follows.

Emerging Economy Task Force member biographies

Kathy Kinloch (chair), president, British Columbia Institute of Technology (BCIT) – Kinloch has been president of BCIT since January 2014. She is recognized for leading organizational renewal in complex environments. Through a number of senior leadership and executive roles, she has spearheaded change initiatives in the post-secondary, government and health-care sectors. At BCIT, Kinloch is focusing on broadening and deepening partnerships with business, industry and communities in B.C., across Canada and globally. Her board positions include the Business Council of British Columbia, Polytechnics Canada, and Surrey Hospital and Outpatient Centre Foundation. She is also a member of the Business Council of Canada’s Business/Higher Education Roundtable.

Kevin Campbell, managing director, investment banking, Haywood Securities – Previously vice-president for investment banking with Dundee Securities, Campbell was named one of Business in Vancouver’s 40 under 40 list of top young business professionals in 2014. He has experience with companies in the tech sector, as well as those engaged in the traditional resource sector, such as oil and gas, and mining.

Peter Elkins, associate faculty, school of business, Royal Roads University – Elkins was founder and CEO of GUTZ EMS, a medical device company. He also co-founded the Capital Investment Network to unite the Victoria region’s investment community in enhancing investment capital from and in the region, in order to improve access to investment opportunities and facilitate the flow of capital to businesses. He is experienced with tech and other startups.

Jock Finlayson, executive vice-president and chief policy officer, Business Council of British Columbia – Finlayson directs the Business Council of British Columbia’s work on economic, fiscal tax, environmental, regulatory and human capital issues of interest to the province’s business community. He previously served as vice-president of research at the Canadian Council of Chief Executives, a leading business association based in Ottawa.

Raghwa Gopal, CEO, Accelerate Okanagan – Gopal has been instrumental in starting, growing and selling numerous businesses over the past 30 years, the latest being Vadim Software. He sits on the boards of several businesses and not-for-profit organizations, is a certified business and executive coach and has been recognized as a technology innovator.

Carol Anne Hilton, CEO and founder, the Indigenomics Institute – A member of the Nuu-chah-nulth Nation, Hilton is a senior adviser with the Federal Economic Growth Council, and has experience with business investment and growth organization, and strengthening Indigenous economies. She is recognized as a leading First Nations business entrepreneur, with a master’s degree in business management from the University of Hertfordshire, England.

Iglika Ivanova, senior economist, Canadian Centre for Policy Alternatives – Ivanova is an expert in health-care trends, education and social programs, and examining the impact of public services on quality of life. Her work has been recognized for examining issues with government finance, taxation and privatization and their relation to the accessibility and quality of public services. She holds a master of economics degree from the University of British Columbia.

Daniel Pauly, professor, Institute for the Oceans and Fisheries, University of British Columbia – Pauly joined the Fisheries Centre at UBC as a professor in 1994, and was director from 2003 to 2008. Since 1999, he has been principal investigator of the Sea Around Us research project, which is devoted to studying, documenting and promoting policies to mitigate the impact of fisheries on the world’s marine ecosystems.

Corinne Stavness, senior director, corporate affairs, Canfor – Stavness has an extensive forestry background, which includes receiving a master’s degree in forest economics and policy from the University of Helsinki. She spent seven years as manager of market affairs for Forestry Innovation Investment, leading the marketing efforts to position B.C. as a global supplier of world-class, environmentally friendly forest products, by expanding into China and India.

Coro Strandberg, principal, Strandberg Consulting – Strandberg has a tri-sector background in business, government and non-profit leadership, working in social, environmental and financial roles. She has 20 years of experience as a corporate director — three years as board chair and six years of industry association experience. She was named the top corporate social responsibility consultant by the 2015 Clean50 for her leadership and impact in sustainability consulting in Canada.

Eric Termuende, co-founder, NoW Innovations Canada – Termuende is a bestselling author, speaker, and entrepreneur and lead content strategist for True Calling Canada. He has been featured in Forbes, Inc., Thrive Global and the Huffington Post, among other major publications. In 2015, he was recognized as a Top 100 Emerging Innovators Under 35 by American Express. His expertise is in the future of work and experiences in social innovation.

Jill Tipping, president and CEO, BC Tech Association – Tipping joined BC Tech Association’s board in 2014, became chair in 2015, and was appointed president and CEO in October 2017. Her experience includes her roles as vice-president of operations and CFO at Schneider Electric Solar. She is on the boards of Canada’s Digital Technology Supercluster and the Vancouver Economic Commission. Among her academic credentials is a master of science in business from Stanford University.

Eric Werker, associate professor, Beedie School of Business, Simon Fraser University (SFU) – Werker is academic lead from SFU to the Canadian International Resources and Development Institute. He researches how less-developed countries can build more thriving and inclusive private sectors, particularly when they are rich in natural resources. He provides a globalist perspective, with expertise in economics and emerging markets.

Alan Winter (ex-officio member), B.C. innovation commissioner – Winter has a breadth of experience at senior levels in the technology sector and in government, including as the president and CEO of Genome BC, from 2001 to 2016. He was also the founding president and CEO of the New Media Innovation Centre in Vancouver, president of the ComDev Space Group in Ontario, and president and CEO of MPR Teltech Ltd. in Vancouver.

Contact:

Media Relations
Ministry of Jobs, Trade and Technology
778 698-2892

NT5

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