TD announces innovation agreement with Communitech

WATERLOO, ON, Sept. 4, 2014 /CNW/ - TD has signed a five-year agreement with Communitech, a technology hub based in Waterloo Region, to explore innovation, with a particular focus on customer experience. The agreement covers a range of opportunities, including entrepreneurship, growth, international business development and women in technology.

"TD is proud to partner with Communitech on a fantastic innovation space in the Waterloo Region," said Teri Currie, Group Head, Direct Channels, Marketing, Corporate Shared Services & People Strategies. "Our new lab will provide the opportunity to improve upon our legendary customer experience by exploring advanced technology solutions and collaborating with local startups and small- to medium-sized enterprises (SMEs). The program has additional facets that will benefit, develop and support startups, SMEs, and women in technology across Canada," she added.

"This agreement with TD will allow Communitech and the Canadian Digital Media Network to expand our offerings for startups, small and medium sized enterprises and women entrepreneurs in Waterloo Region and across the country," said Iain Klugman, CEO of Communitech. "It will also provide TD access to the unique ecosystem at the Communitech Hub, where they will work alongside tech companies of all sizes in developing new technologies for the financial services sector."

Additionally, TD will support the Women in Entrepreneurship initiative, which entails being the national Innovator Sponsor for the Women Entrepreneurs Online Mentorship Platform and Women Entrepreneurs Peer-to-Peer networking groups at five hubs across Canada, which will enable female mentoring relationships, collaboration, and networking.

Other elements of the agreement include platforms and opportunities for small- to medium-sized business enterprises to increase their experience, network and exposure to international markets and clients.

About TD Bank Group
The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group ("TD" or the "Bank"). TD is the sixth largest bank in North America by branches and serves over 22 million customers in three key businesses operating in a number of locations in financial centres around the globe: Canadian Retail, including TD Canada Trust, TD Auto Finance Canada, TD Wealth (Canada), TD Direct Investing, and TD Insurance; U.S. Retail, including TD Bank, America's Most Convenient Bank, TD Auto Finance U.S., TD Wealth (U.S.) and an investment in TD Ameritrade; and Wholesale Banking, including TD Securities. TD also ranks among the world's leading online financial services firms, with approximately 8.8 million active online and mobile customers. TD had CDN$922 billion in assets on July 31, 2014. The Toronto-Dominion Bank trades under the symbol "TD" on the Toronto and New York Stock Exchanges.

SOURCE TD Bank Group

For further information: Barbara Timmins, Corporate & Public Affairs, TD, 416.307.6498, barbara.timmins@td.com; Chris Plunkett, Director of Media Relations, Communitech, 519.888.9944 ext. 1071, chris.plunkett@communitech.ca