Posted April 11, 2012
The governments of Canada and Ontario, IBM and a consortium of seven universities led by the University of Toronto and Western University have come together to create a $210-million research and development initiative. The program, which will focus on challenges facing cities, water and energy conservation and the healthcare sector, will create 145 new highly skilled jobs in Ontario.
IBM will invest up to $175 million prior to December 2014 to form the IBM Canada Research and Development Centre, which will serve as a foundation for the research initiative. The Government of Canada will contribute $20 million to allow a consortium of seven southern Ontario post-secondary institutions and IBM to install two high-performance IBM Blue Gene/Q supercomputers. The Government of Ontario will invest $15 million.