News: Ontario News

Communitech Data Hub to open in uptown Waterloo

July 20, 2016  
Posted by: Jacqueline O'Hara
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Waterloo city council has approved funding that will allow Communitech to expand and launch the Data Hub in uptown Waterloo. Council unanimously approved $340,000 in 2016, $190,000 in 2017 and $150,000 in 2018, to act as seed capital for areas such as early operating costs, and program design and development at the former police station.

"We are thrilled to reclaim a former municipal building and transform it into a hub for data-intensive companies," said Iain Klugman, president and CEO of Communitech. "Capitalizing on the emerging opportunities around big data and the internet of things, the Data Hub will emulate best practices of the Communitech Hub, supporting companies focused on open data, high-performnce computing, cybersecurity and smart cities technology. The investment from the City of Waterloo will allow us to launch the facility and leverage further public and private sector support."

The 19,000 square foot facility and former police station, is the first piece in an emerging data district. The Data Hub will offer programs for data-driven startup companies, be home to Canada's Open Data Exchange (ODX) and provide space for small and medium-sized enterprises (SMEs) and a few larger enterprises focused on data-driven projects.

"We have all seen the tremendous success of Communitech's Hub," said Mayor Dave Jaworsky, City of Waterloo. "The Hub's blueprint, coupled with our strong academic research institutes, skilled talent, and the right mix of current business, will create a landing pad for data focused companies placing Waterloo as a world leader in a new and emerging growth area."

Projected to open in January 2017, the Data Hub is expected to be home to 14 data-intensive companies and approximately 125 people. The facility also has the potential of being designated as a technology development site for two provincially funded programs focusing on connected car technology and cybersecurity and fraud prevention.

For more information :


Organization:
City of Waterloo
Address:
Box 337, 100 Regina St S
Waterloo, Ontario
Canada, N2J 4A8
www.waterloo.ca