Economic Impact of Wavefront 2011-2016
Wavefront is Canada’s leader in transforming business through mobile and IoT innovation. We work with companies at all stages of their life-cycle and across multiple industry sectors to scale and grow, generating net economic gains for Canada.
Building Healthy Companies
Supporting the Development of Tech Talent
Growing our National Economy
Our Economic Impact
Wavefront has generated net economic gains for Canada contributing to all levels of government through tax revenues and job creation. Our global benchmarks include our effectiveness in supporting Startup and SME growth, enabling competitive advantage by accelerating commercialization and driving global partner opportunities.
A study of Wavefront’s work from 2011-2016 by Bytown Consulting finds Wavefront’s support of Small and Medium Enterprises (SMEs) and Startups in the wireless industry generated the following results:
- 6,735 jobs created: 1,825 direct jobs and 4,910 indirect jobs
- 51% growth in employee base
- 27% growth in sales revenues
- 47% increase in foreign sales
- Time to market accelerated by 4-5 months
- $34,000/year saved per company