The Information and Communications Technology (ICT) industry in Newfoundland and Labrador is mature and working to leverage joint projects with the industry association, Nati. The communications side of the sector is very strong in this province with several very large and well-financed operations. On the information technology side, the companies, while small, are very dynamic with well-qualified, innovative staff.
The ICT sector has maintained steady growth where traditional ICT companies employ over 3,760 highly skilled people. The majority of these companies are small in nature where most of these companies (58% of them) are less than 10 employees per company (report: "Information & Communications (ICT) Sector Data Collection and Analysis in Newfoundland and Labrador - of 2011). The ICT Sector contributes to the growth of the province as revenues created by the ICT sector are in excess of $1.62 billion representing approximately 5.75% of Newfoundland and Labrador's GDP (Industry Canada).
This province has several nationally recognized ICT organizations: The Canadian Centre for Marine Communications; Genesis Corp., Memorial University's commercial transfer organization; Telemedicine Education Technology Resources Agency; the Centre for Marine Simulation; and the Centre for Distance Learning and Innovation.