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Cisco Chooses Toronto for Global Innovation Centre

Toronto is one of four – and the only North American location – global innovation hubs slated for a $100 million investment by Cisco Systems Inc.  The company is a global leader in Internet backbone equipment and has created this innovation investment to promote advancements in "Internet of everything" technology that can run on its networks.

The Toronto IoE Innovation Centre will be located RBC WaterPark Place and is scheduled for completion in early 2015. Toronto should see growth in technology start-ups focused on smart technology products, services and applications, as well as an influx of entrepreneurs, innovators and additional venture capital for firms associated with the complex. Cisco estimates the “Internet of everything” market to be valued at $19 trillion over the next 10 years.

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