Cisco has selected Toronto as one of four global Cisco® Internet of Everything Innovation (IoE) Centres, representing a planned investment of up to $100 million over 10 years.
The decision builds on Cisco’s recent investments in Canada including:
- Up to $4 billion over 10 years to expand Cisco’s footprint in Ontario and create up to 1,700 new jobs;
- Multimillion dollar investment to establish research chairs, professorships and innovation centres at 10 universities across Canada; and
- Signing on as a Premier Partner in the 2015 Pan Am/Para Pan Am Games.
Toronto will join Songdo, South Korea; Rio de Janeiro, Brazil; and Germany as one of four centres announced worldwide. The decision to locate in Canada’s largest city reflects Cisco Canada’s demonstrated thought leadership and expertise in working with municipalities, and the Canadian construction and real estate industries.