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FINTECH CLUSTER TORONTO SECTOR Toronto financial services sector GDP (2014):$40.9B People employed in Fintech:23,000 U OF TS CONTRIBUTION Toronto is Canada's the largest financial services hub and
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Research and identify the key components and requirements of a fintech cluster.
02
Set up a physical location or a virtual platform to house the cluster.
03
Develop a framework for collaboration and communication among the different stakeholders in the fintech industry.
04
Identify and attract fintech startups, financial institutions, investors, and relevant service providers to join the cluster.
05
Facilitate networking and knowledge sharing within the cluster through events, workshops, and conferences.
06
Provide support and resources to the fintech startups to foster their growth and innovation.
07
Establish partnerships with educational institutions and government agencies to promote fintech education and regulatory support.
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Promote the fintech cluster globally to attract international participants and investments.
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Continuously evaluate and update the cluster's strategy and offerings to stay relevant and competitive.
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Measure and track the impact and success of the fintech cluster through key performance indicators and feedback from the participants.

Who needs fintech cluster?

01
Fintech startups and entrepreneurs who can benefit from the resources, support, and networking opportunities provided by the cluster.
02
Financial institutions looking to collaborate and innovate with fintech companies to enhance their services and efficiency.
03
Investors who are interested in fintech and want access to promising startups and investment opportunities.
04
Service providers such as legal firms, consulting agencies, and technology providers who can offer specialized services to the fintech companies.
05
Educational institutions seeking to contribute to the development of the fintech industry through research, training, and talent pipeline.
06
Government agencies and regulatory bodies aiming to foster fintech innovation, create jobs, and attract investments to their jurisdiction.
07
International organizations and companies looking for a hub to connect with the fintech ecosystem and explore partnership opportunities.
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A fintech cluster refers to a geographical concentration of organizations and companies within the financial technology industry.
Companies and organizations involved in the fintech industry may be required to file a fintech cluster report.
The fintech cluster report can usually be filled out online through a designated portal provided by the regulatory authority.
The purpose of a fintech cluster report is to provide insight into the overall health and growth of the fintech industry within a specific region.
Information such as number of companies, employment numbers, revenue figures, and investment data may need to be reported on a fintech cluster.
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