TORONTO – The province of Ontario is partnering with Cisco to develop initiatives that will help to drive economic development and support technology research and development.
The memorandum of understanding signed this week will see Cisco Canada invest up to $455 million over five years on R&D focused on core routing and switching, collaboration, data centre virtualization and cloud, and video. Ontario has committed $25 million to this project.
“Cisco and the Province of Ontario share a long and successful history”, said Cisco Canada president, Nitin Kawale, in a statement. “This MOU, only the third of its kind in Ontario’s history, is a next stage in our collaborative relationship focused on a shared vision of deploying transformational technology to help achieve sustainable and innovative goals. There is enormous potential to build a solid R&D spring board in Ontario. Cisco is unique in our ability to draw upon the expertise, technology innovation and global best practices to further drive Ontario’s dynamic innovation engine.”
The research will focus on health and wellness, energy, smart+connected communities, education and economic cluster development.
