Ontario continues to build its reputation as a prime location for tech start-ups, following the announcement of the newest innovation hub in Ottawa as part of the IBM Innovation Incubator Project.
Made possible through a partnership between Ontario Centres of Excellence (OCE), IBM Canada, and Invest Ottawa, the IBM Innovation Incubator Project at Bayview Yards was announced on Sept. 29.
The Honourable Bob Chiarelli, Minister of Infrastructure for Ontario, made the announcement and the Honourable Yasir Naqvi, Attorney General for Ontario, emceed the event.
The project aims to help small and medium-sized enterprises (SMEs) fast-track the launch of new technologies and products to clients all over the world by leveraging IBM’s resources, including a range of cloud, mobile, analytics, and social solutions. The project is expected to create 2,600 jobs by 2020.
“We have a longstanding role working with SMEs to ensure they have access to advanced technology,” said Dr. Tom Corr, OCE’s President and CEO. “Collaborative environments create a strong foundation for high-value job creation by providing start-ups and developers with the expertise, resources and advanced technologies needed to grow their business and compete on a global scale.”
The five innovation hubs located across Ontario — two in Toronto, Markham, Waterloo, and Ottawa — are a key component of the IBM Innovation Incubator Project, which also has streams focused on customer demonstration, data analytics internships, and post-doctoral fellowships through the SOSCIP Research Consortium.
To learn more about the IBM Innovation Incubator Project, please visit the program page on the OCE website.