Ontario, Canada Attracts Cutting-Edge IBM Corporation Research & Development Center

TORONTO--(BUSINESS WIRE)--Ontario and IBM Canada are partnering with several leading Ontario universities to create a new $210 million world-class virtual Research and Development Centre in Ontario.

IBM will invest up to $175 million through December 2014 in the project, forming the “IBM Canada Research and Development Centre” to serve as a foundation for the research initiative. The Government of Ontario is investing $15 million towards the creation of this Centre; ensuring that the skills needed for developing future information and communications technology products and services are fostered in Ontario, new and existing Ontario companies are leaders in their fields, and innovation efficiencies and cost-savings are created across multiple sectors.