Canada will get a national summit in October to back procurement of homegrown tech | Betakit

Efforts to Promote Made-In-Canada Technology are Gaining Momentum as a Coalition of Companies and Organizations are launching a Summit to Promote to Promote to Promote to Promote to Promote to Canadian Offerings.

The inaugural source canada conference will take place in Toronto on Oct. 22 with 150 CEOS and 50 Enterprise Buyers Holding Meetings and Workshops.

“This conference is about accelerating the flywheel: when private companies buy canadian tech, they create an impact that goes far beyond the contract.”

Raymond Luk, Founder
Source canada

The Chief sponsors include Oms Ventures, RBCX, and DELOITTE. Additional Support Comes from the Toronto Stock Exchange Operator Tmx, The Lobbying Group Council of Canadian Innovators (CCI), The Manufacturing Innovation Cluster NGEN, YORKH SCHOOL OF Business, Cloud Provider Aptum, Venture Studio Highline Beta, and LUGE CAPITAL.

Source Canada Founder Raymond Luk, A Senior Advisor and “Founder in Residence” at Deloitte, Claimed in A Statement That Canada’s’s Private Sector is an “Untapped Driver of Growth.”

He added that the country spends 1.9 percent of its gross domestic product on research and development, or less than the average of counters of counters tracked by the intergoversation for economic cooopiation and Development.

“This conference is about accelerating the flywheel: when private companies buy canadian tech, they create an impact that goes far beyond the contract,” Luk Said.

Before Deloitte, Luk was best knowledge for founding flow. The consulting company focused on Raising Non-Dilvent Funding for the Canadian Tech Industry and Billed Itself as Having the Larges Collection of High-Growth Startups. Deloitte Acquired Flow in January 2024 and integrated the 15-Person team its its Global Innovation and Investment Inventives PRACTICE. Luk Nurtures Startups as Part of His Deloitte Role.

The source canada Advisory Committee Includes Oms Ventures Managing Director Laura Lenz, CCI Director Skaidra Puodziunas, RBCX Senior Director Shikha Bhuchar, and Luga CO-Affordal Co-Afforder David Nault, Among others.

Plans for the Summit Come as Pressure Mounts to Reduce Reliance On American Technologies AMID An ongoing tariff-Driven Trade War With the United States (Us). There is already industry initiatives with the stated purpose of fostering homegrown tech, including the policy platform Build Canada. Telecom giants bell and Telus have pushed for more Sovereign Data Center, Although their facility

It also follows Increased Government Procurement of Canada-Made Technologies. Earlier this month, federal officials signed an agrement with toronto-based scaleup cohere to explore the use of its artificial intelligence (AI) Systems with the Public Sector. The procurement platform sovra

Feature Image Courtesy Marcin Skalij on Unsplash,