Communitech's Hub responsible for $500 Million in deals in Year One

Posted by Techvibes NewsDesk

Waterloo's Communitech announced yesterday that they have played a "key role" in tech company deals totaling more than $500 million and the emergence of 164 new digital media companies during the first year of The Communitech Hub's operation.

Communitech's Hub, a digital media innovation center that brings entrepreneurs, multi-national companies, and academic institutions together under one roof to build global digital media companies, marked its first anniversary yesterday after a banner year.

More than 600 companies in total benefited from The Hub's programs during its inaugural year. Along with nurturing the first crop of digital media startup successes, The Hub has hosted 5,000 visitors .

The Hub currently houses 28 start-up companies, 3 post-secondary academic offices, 5 multi-nationals including RIM and OpenText, and 14 professional services firms plus provincial and federal partners.

Companies resident at The Hub are provided with free meeting and networking space, mentoring programs, strategic events, and access to professional services. Other specialized digital media development infrastructure is also available such as the HIVE 3D interactive environment for which Christie Digital Systems Canada Inc. provided the infrastructure, and the Magor TeleCollaboration suite.

Company:
Communitech
Website:
http://www.communitech.ca
Location:
Waterloo, Ontario, Canada

Communitech is located in Waterloo Region, 110 kilometres (66 miles) west of Toronto, Ontario, Canada in an area that includes the cities of Kitchener and Waterloo. Communitech is the regional hub for the commercialization of innovative technologies supporting and building a Southwestern Ontario tech cluster of close to 1,000 companies that now generates more than $30B in revenue. A member of the Ontario Network... more


blog comments powered by Disqus

Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more




Who's Hiring



Recent Comments

Powered by Disqus