Industry Sector Profile: Technology

Technology Industry At a Glance

The technology sector in Newfoundland and Labrador is experiencing notable growth and is poised for further expansion. The provincial government, under the guidance of the Department of Industry, Energy, and Technology (IET), has actively embraced its role as a catalyst for technology sector development. Driven by the rapid expansion of both established firms and emerging startups, the provincial tech sector anticipates hiring over 2,000 employees in the coming five years.

Ever Expanding

The province’s technology landscape spans various industries, with a particular focus on collaboration within sectors such as Ocean Technology, Clean Technology and Environmental Industries, Aerospace, and Defense. These industries not only represent significant hubs for innovation but also hold the potential to drive economic development and job creation. As the sector thrives, it offers an array of enticing opportunities for skilled workers, including flexible work arrangements, competitive compensation packages, and vibrant work cultures that contribute to its allure. Newfoundland and Labrador’s technology sector is poised to become a leader of innovation and economic prosperity within the region, thanks to proactive government support and the potential for growth in key industries

MARINE

The Ocean and Marine technology sector in Newfoundland and Labrador presents significant employment and innovation prospects, thanks to its advantageous Atlantic coast location and robust marine resources. It offers diverse employment opportunities, including roles like marine technologists, marine systems technologists, marine electricians, research and development, system design, maintenance, and operations.

CLEAN TECH

The clean technology sector encompasses a variety of solutions aimed at enhancing environmental performance and responsible resource utilization. Newfoundland and Labrador’s evolving tech sector embraces clean technology, with the government actively exploring initiatives to support local businesses in the global green economy while prioritizing environmental stewardship.

AEROSPACE

The aerospace industry in Newfoundland and Labrador involves the manufacturing, maintenance, repair, and overhaul of aircraft and related components. The province has strategic partnerships with major aerospace companies and is actively investing in training programs to develop a skilled workforce for this sector.

There are currently more than 6500 people employed by Newfoundland and Labrador’s technology sector. The sector is expected to hire more than 2000 employees in the next 5 years.

INDUSTRY SHOWCASE

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