Nimble startups can offer grads newer technology to get their hands on. With fewer employees at a startup, it also means a more dynamic work environment, as people may have to handle a variety of tasks and roles.
Joel Rathgaber, the vice-president of technology at SolusGuard, said employees at a startup can make an “immediate impact” when they come on board. That level of responsibility isn’t always found at larger companies, where junior employees can feel lost in the shuffle.
“Every person we add has to basically add value and start contributing pretty quickly,” said Rathgaber.
Which of Regina’s new startups will flourish or flounder is up in the air, but experts say the ecosystem of new tech companies isn’t going away anytime soon. The province’s two universities are steadily churning out talent, but O’Connor said they still haven’t been able to keep up with the growing demand from companies.
“Last year in the province of Saskatchewan…our startups raised more money in venture capital than the last five years combined,” said O’Connor. “Most of that money’s going to go towards hiring, and we’re going to run into talent shortages pretty quickly.”