Ontario Helping Businesses Take New Technologies to Global Markets

Date: February 23, 2016 Author: ocsco@ocsco.ca Categories: OCSCO News
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Ontario Helping Businesses Take New Technologies to Global Markets

Investment Will Boost Knowledge Economy and Create Up To 2,600 Jobs

Ontario is partnering with IBM Canada and Ontario Centres of Excellence (OCE) to help up to 500 small and medium-sized enterprises (SMEs) create jobs, embrace next-generation technologies and compete in the global marketplace.

Premier Kathleen Wynne was at the DMZ at Ryerson today to announce that Ontario will invest up to $22.75 million through the Jobs and Prosperity Fund in the IBM Innovation Incubator (I3) Project. The I3 Project will help SMEs fast-track the launch of new technologies and products to international clients and further grow the province's knowledge economy. IBM will contribute $24.75 million towards the I3 Project. This project is expected to leverage over $410 million in private-sector investment and create up to 2,600 jobs. For detail click here.