Cisco has announced a new research partnership with the University of Waterloo designed to support local entrepreneurs and startups.
The partnership has funded the new Cisco Incubation Centre, which recently opened in the David Johnson Research + Technology Park on the university’s North Campus.
The unveiling of the 2,000 square foot building was celebrated with a ribbon-cutting ceremony earlier this month.
The Centre will encourage entrepreneurship among local students, who will now have access to Cisco’s considerable professional network and innovative technology. The company is well known for its TelePresence tool, which enables content-sharing and collaboration between researchers throughout the country.
As part of Cisco’s ongoing partnership with the University of Waterloo, the company has also announced a Cisco Research Chair in Smart Grid technology. Professor Srinicasan Keshav, a professor of computer science and Canada Research Chair in tetherless computing, has already been appointed to the position.
Brad Duguid, Minister of Economic Development and Innovation for the Province of Ontario, recently praised Cisco’s ongoing commitment to technology research in Ontario. “Innovation is a key driver of economic development in Ontario,” he said. “And it’s initiatives like the Cisco Incubation Centre that will further enhance the province’s position as a global hotbed for research and development.”
Cisco’s new venture with University of Waterloo complements its established research ties with other Canadian institutions, including the University of Winnipeg, the University of New Brunswick, and the Vancouver Island Technology Park.
The partnership highlights the achievements of the David Johnson Research + Technology Park and its collaboration with local entrepreneurs. Recently, the facility has received attention for its Accelerator Centre, designed to help startups cultivate network connections, secure capital, and conduct research and recruitment while in the early stages of development.
The campus is also home to the Belgian-based AGFA HealthCare, whose new research and development facility was opened earlier this year courtesy of a $30 million grant from the Ontario government.
Nitin Kawale, the President of Cisco Canada, echoes the government’s commitment to research development in the Waterloo region. “Waterloo is a renowned technology hub for Ontario and Canada, and recognized for its engineering excellence around the world,” he said in a recent statement. “We want to inspire Canada’s emerging entrepreneurs and leverage the amazing work being done in Waterloo.”