(UPDATED May 23, 2014 with VIDEO and IMAGES) March 5, 2014 – Cisco today announced Toronto has been selected as the location for a global Cisco Internet of Everything (IoE) innovation centres, representing a planned investment of up to $100 million over 10 years. Toronto joins cities in South Korea, Brazil and Germany as one of four centres announced worldwide.
“The Internet of Everything is not only changing the world, but creating new opportunities,” noted Nitin Kawale, president, Cisco Canada. “Connecting the unconnected has the potential to bring revolutionary change to industries…”
The decision, says Cisco, builds on the company’s recent investments in Canada, including:
• Up to $4 billion over 10 years to expand Cisco’s footprint in Ontario and create up to 1700 new jobs.
• Multi-million dollar investment to establish research chairs, professorships and innovation centres at 10 universities across Canada.
Focusing on technologies and market opportunities surrounding IoE, the Innovation Centre aims to “help start-ups, established companies and entire industries explore what is possible with Cisco technologies and Smart+Connected solutions, while fostering Canadian-based innovation”.
“Cisco Canada has become a leader in Smart+Connected Communities development, and the establishment of this IoE Innovation Centre is further testament to Cisco’s ongoing investment in Canada, Ontario and Toronto,” said Rob Lloyd, president, Development and Sales, Cisco.
The Toronto IoE Centre will occupy about 15,000 sf in the new RBC WaterPark Place, scheduled for completion in Spring 2015. RBC WaterPark Place will also be home to Cisco’s new Canadian headquarters. The building will be the first commercial office tower in North America to take advantage of a fully integrated IP-based building and energy network, boasts Cisco.
Images courtesy Cisco Canada.