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Tech City Lures Canadian Startups With Incentives

Some Canadian startups looking to tap into larger markets are bypassing the original Valley and instead heading east across the Atlantic. Hossein Rahnama, founder and chief executive of Flybits based out of Ryerson University’s Digital Media Zone in Toronto, said he decided to set up a second office in London because it was similar to the company’s home city in many ways. Europe tends to have higher adoption rates of new mobile technologies, which made London an appealing place to launch an expansion of his mobile software platform, he said.

Read the whole story at Financial Post »

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