TORONTO--(Marketwire - Aug 17, 2011) - At an event today, Ontario Minister of Economic Development and Trade Sandra Pupatello, Cisco (
Ontario and Cisco Canada intend to develop a collaborative framework to focus on key activities to help further the province's transformational vision and increase productivity by driving innovation and sustainable economic development in strategic areas of health and wellness, energy, smart+connected communities, education and economic cluster development.
The collaboration with Cisco is the latest in Ontario's ongoing initiatives to partner with private industry to facilitate solution innovation and commercialization, increase research and development and make better use of the province's broadband capacity.
Ontario and Cisco also announced they intend to work together to invest in R&D-focused job development to drive skills development, economic competitiveness and product innovation.
Facts and Highlights:
Ontario and Cisco have agreed to work together to explore opportunities to advance strategic objectives including:
Supporting quotes:
Minister of Economic Development and Trade Sandra Pupatello:
"Cisco is among the many global technology leaders who continue to recognize Ontario's innovation and the talent of our highly skilled workforce. Cisco already conducts R&D in the province in technologies critical to their success, and this investment and the MOU announced today are a vital part of our economic strategy to help Ontario turn the corner."
Cisco Chairman and CEO John Chambers:
"Ontario has long been globally recognized as a centre of excellence for IT innovation. Both the Province and Cisco share a dynamic vision for building on the substantial IT R&D capability resident here and we see a key opportunity to join forces to further Ontario's innovation machine. This collaboration and co-investment is an excellent example of how governments can partner with industry to help drive innovative strategies."
Cisco Canada President Nitin Kawale:
"Cisco and the Province of Ontario share a long and successful history. This MOU, only the third of its kind in Ontario's history, is a next stage in our collaborative relationship focused on a shared vision of deploying transformational technology to help achieve sustainable and innovative goals. There is enormous potential to build a solid R&D spring board in Ontario. Cisco is unique in our ability to draw upon the expertise, technology innovation and global best practices to further drive Ontario's dynamic innovation engine."
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Contact Information:
Contacts:
Karin Scott
Cisco Canada
416-306-7164
kariscot@cisco.com