Toronto picked as site of Cisco's $100 mln global innovation centre
U.S. information technology giant Cisco Systems Inc (NASDAQ: CSCO) has selected Toronto as the site for one of four global Cisco® Internet of Everything Innovation Centres. The decision includes a planned investment of up to $100 million over 10 years. The centre's support for Canadian-based innovation will include establishing research chairs, professorships and innovation centres at 10 universities across the country. Cisco estimates that the initiative will make available approximately $500 billion to private and public-sector organizations.
6 March 2014•4 mins read
