Table will help Canadian entrepreneurs and innovators overcome growth challenges
OTTAWA, ON – November 8, 2017 – Shopify Inc. (NYSE:SHOP)(TSX:SHOP), the leading cloud-based, multi-channel commerce platform designed for small and medium-sized businesses, today announced its founder and CEO, Tobias Lütke, will serve as Chair of the Government of Canada’s Economic Strategy Table on digital industries. Over the next six months, Mr. Lütke will lead a group of approximately 15 members to develop policy recommendations in support of Canada’s technology developers, service providers, and content creators.
“If you take a look at the Toronto Stock Exchange there are only a handful of tech companies listed. This is disappointing but also presents a great opportunity,” said Lütke. “ We need to break from convention, be bold, and define a path where innovation drives the future of our country, and our economy.”
The members of the Economic Strategy Table on Digital Industries will focus on Canada’s opportunity to become a global leader in innovation. Capitalizing on the strength of Canada’s tech community and harnessing the rapid pace of digital adoption, the group will develop an immediate and long-term action plan to propel Canada into the future.
“It's funny to think of a country as a startup, but Canada feels like one. We’re still a very young country, full of raw potential. If we play our cards right, the future will be bright. I accepted this role because I want to help the government to get this right and share some of the lessons we’ve learned at Shopify,” Lütke added.
The first meeting of the table is scheduled for later this month. The group will spend the next 6 months preparing a report to be published by Summer 2018.
Shopify is the leading cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. Merchants can use the software to design, set up, and manage their stores across multiple sales channels, including web, mobile, social media, marketplaces, brick-and-mortar locations, and pop-up shops. The platform also provides merchants with a powerful back-office and a single view of their business. The Shopify platform was engineered for reliability and scale, making enterprise-level technology available to businesses of all sizes. Headquartered in Ottawa, Canada, Shopify currently powers over 500,000 businesses in approximately 175 countries and is trusted by brands such as Red Bull, Nestle, GE, Kylie Cosmetics, and many more.
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