Ottawa commits $3 mln to Open Data Exchange, hopes to leverage VC
The Federal Economic Development Agency for Southern Ontario (FedDev Ontario) has committed $3 million for Communitech Corp to establish the Open Data Exchange in Waterloo, Ontario. The project, which is expected to result in the incubation of 15 new data-driven companies, has a total of cost of about $6 million, with another $50 million to be leveraged from venture capital and other partners. Communitech, Desire2Learn Inc, OpenText Corp and the University of Waterloo have pledged to match FedDev Ontario's contribution.
19 May 2015•4 mins read
