Making Ontario A World Leader In The Digital Economy
McGuinty Government Partners With Communitech To Create Digital Media Jobs In Kitchener-Waterloo
Ontario is working with businesses in Kitchener-Waterloo to help make the area a global centre for digital media jobs.
Premier Dalton McGuinty was at the newly opened expansion of the Communitech Hub today. It brings together entrepreneurs, multinational companies and colleges and universities to collaborate and turn good ideas into digital media products to sell to the world.
While at the Communitech Hub, the Premier toured VeloCity -- a new University of Waterloo student-based incubator. It helps students build products, connect with mentors and work with private companies.
The Communitech Hub is expected to create or retain more than 4,000 jobs. More than 458 new companies have been created since it was launched in 2010.
Fostering innovation and partnering with business that are creating the next generation of jobs is part of the McGuinty government's plan to strengthen Ontario's economy and create jobs for families.
- Communitech is an industry-led network of 650 organizations focussed on growing young digital media companies to stimulate job creation, commercialization and global competitiveness.
- The Communitech Hub's digital media strategy is valued at $100 million -- with $26.4 million from Ontario over five years. It has relationships with leading information technology companies like RIM, Open Text and Google.
- The digital media sector is one of the fastest growing industries in the knowledge economy -- worth US$2.2 trillion.
“Communitech is powerful example of the kind of entrepreneurship and innovation that is driving the Ontario economy. Our government is proud to support enterprises like Communitech, building confidence in our economy and bringing jobs to Ontario, for Ontario families.”
“The Communitech Hub and the companies that are born there are what make Waterloo Region a unique place in Canada. We're proud to support Communitech's efforts to make this region a hub for innovation and job creation.”
“The Ontario government is a strong supporter of Communitech and our mission to serve Waterloo's technology community. Our expansion will help launch even more new ideas and businesses in the years to come.”