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In August 2000, the Provincial Government of British Columbia approved an $11.9 million re-development of what is now known as the Vancouver Island Technology Park (“VITP”). The re-development of the site was granted in an effort to help foster and further enhance the tech sector within the greater Victoria region.
Through the extensive upgrades that took place, VITP was transformed from its former institutional use to a LEED Gold certified park for its cutting edge environmental and energy conscious design. Five years after VITP officially opened its doors, the Provincial Government approved the sale of the park from their real estate services arm to the now current owners, the University of Victoria.
Today, at more than 190,000 square feet of current rentable area, VITP, a University of Victoria enterprise, is the largest centre of its kind on Vancouver Island. The ownership of VITP enables the park to benefit from unique partnerships that links provincial, national and international resources with emerging or growing companies within VITP. The facility has also been an integral part in seeing the technology sector recently overtake tourism as Greater Victoria’s largest private sector industry.
To ensure this continued growth within the region, VITP is focused on enhancing the creativity and productivity of its tenants by clustering fuel cell, new media, wireless, life science/biotech, ocean technology and ICT companies while also providing first class tenant amenities.