New $210M research centre coming to Ontario

TORONTO – IBM is at the helm of a new Ontario-based $210 million research and development initiative set to address issues ranging from healthcare to water conservation to problems facing cities. Backed by a consortium of seven universities led by the University of Toronto and Western University, IBM will invest up to $175 million through December 2014 in the project, the Ontario government will kick in $15 million, and the federal government will contribute $20 million towards the new IBM Canada Research and Development Centre. This collaborative model will help university and industry researchers use high performance and cloud computing...