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Welcome to the Ontario Technology Corridor!

 

Welcome to North America’s gateway to innovation. The Ontario Technology Corridor offers excellent growth opportunities, a low-risk business environment, and generous R&D tax credits that are the envy of other G7 countries.

Employing nearly 260,000 people among 6,400 Information and Communication Technology (ICT) companies in the Greater Toronto area, Ottawa region, Waterloo region, City of London and Niagara region, and in partnership with the province of Ontario's Ministry of Economic Development and Innovation as well as the federal government's Department of Foreign Affairs and International Trade Canada, the Ontario Technology Corridor offers one of the world's best educated, motivated and stable workforces. These people all have unique stories to tell about living, working and playing in a part of Canada that celebrates technology talent and entrepreneurial spirit like no other. 

Please explore this site's contributed blog posts and videos, presentations and brochures. If you are building your technology business in Ontario, please participate and add your story. If you are not yet enjoying the many benefits of locating your tech company in Ontario, then check out the incentive programs and contact the Ontario Technology Corridor team today!

Entries in John Chambers (1)

Thursday
Aug182011

Cisco invests $455 million as it expands across the Ontario Technology Corridor

Yesterday Cisco outlined an investment target of up to $455 million over the next five years to support R&D in the Ontario Technology Corridor, specifically Toronto and Ottawa. The investment focusses on key strategic areas for Cisco including core routing and switching, collaboration, data centre virtualization and cloud, and video.

The province of Ontario has committed $25 million to this project to support Ontario’s leadership as a global centre for the development of transformative communications technologies.

From Cisco's news release about this announcement, posted at The Network - Cisco's Technology News site:

"Ontario has long been globally recognized as a centre of excellence for IT innovation. Both the Province and Cisco share a dynamic vision for building on the substantial IT R&D capability resident here and we see a key opportunity to join forces to further Ontario’s innovation machine. This collaboration and co-investment is an excellent example of how governments can partner with industry to help drive innovative strategies."
                                                      John Chambers, Cisco Chairman and CEO

The government of Ontario is an active player in the province’s innovation economy. The Ministry of Research and Innovation is investing $3 billion to bolster Ontario’s world-class education system, highly skilled workforce, creative environment and diverse culture. Ontario has a vast talent pool for IT companies looking to expand or relocate to Ontario Technology Corridor cities, and 55% of Ontario residents aged 25-64 have advanced education certificates, diplomas or degrees – compared to 51% for Canada as a whole and 39% for the U.S.

The Ontario Technology Corridor also boasts a talent engine  fueled by 11 universities and 11 colleges – many offering extensive internship and co-op education programs highly responsive to technology industry needs.

As reported in ITWorld Canada's recent story: This “massive” new investment will create 300 jobs in Ottawa and Toronto. From this same article, Chambers affirmed that Cisco looks for specific conditions for investment: a skilled workforce with a solid education base; solid infrastructure; and entrepreneurial spirit in both business and government when they invest in expansion.

“Canada's been very good to Cisco,” said Chambers, naming Canada the company's third-largest market. He also called Ontario “an amazing location in the world in terms of your IT workforce.”

In Ontario we've got it all. Please explore the Why Ontario and Incentives sections of this Web site for more information on why Cisco chose the Ontario Technology Corridor.