WATERLOO REGION, ON, April 28 /CNW/ - The Communitech Hub, a digital
media innovation centre that officially opened for business in October
2010, is already expanding to accommodate demand for commercialization
support in the digital media sector. The Hub, which currently occupies
30,000 square feet at Kitchener's downtown Tannery building, will be
expanding to occupy another 12,000 square feet of space on the first
floor of the Tannery by early 2012.
"The success of The Communitech Hub has exceeded our expectations and
demonstrates the potential of the digital media sector in Ontario which
holds great promise for job creation and opportunities going forward,"
said Glen Murray, Ontario Minister of Research and Innovation.
The expansion will accommodate more Peer2Peer program space, expanded
strategic partner space, and more room for established companies.
"It's rewarding for everyone involved to see how quickly The Hub has
become a venue for nurturing digital media entrepreneurship," said
Kevin Tuer, VP Digital Media at Communitech, Waterloo Region's
technology organization. "We've learned a great deal about the support
needs in the digital media ecosystem, and are filling more gaps and
expanding our programs to meet those needs."
The Hub currently houses a mix of tenants that include:
28 start-up companies - and growing
5 leading tech multi-nationals
14 innovation partners, including legal, advertising and accounting
3 post-secondary institutions: Conestoga College, Wilfrid Laurier
University and the University of Waterloo
provincial and federal government partners.
The attraction for digital media entrepreneurs is a supportive venue
where the infrastructure which companies need to succeed is already in
place, Tuer said. That includes everything from the 'bricks and mortar'
office space enabling entrepreneurs to move from their basements and
garages to a suitable office location; to mentoring from executives who
have 'been there, done that' to collaborating with established partner
companies that include RIM, OpenText, Desire2Learn and Christie Digital
Systems Canada Inc.
Strategic partner platforms at the Hub enable research,
commercialization, and job creation in mobile computing, digital asset
management and healthcare IT. Federal and provincial contributions and
the City of Kitchener also made the creation of The Hub possible, Tuer
"The appeal of The Hub is that companies can focus more on development
of their projects, market development and revenue generation than on
operational logistics," said Tuer. "An integral part of our success has
been dialogue with those companies; tailoring the space and our
services to provide the greatest impact for them. With the new space
will come new programs and services as we continue that dialogue."
The concept and venue for The Hub were announced in October, 2009;
renovations to The Tannery, occupancy and the grand opening took place
less than a year later; and the expansion comes less than five months
after the official opening. The Hub recently celebrated its first
'graduation' of a resident startup company - ClevrU -- through the
Accelerator Program in partnership with the Waterloo Accelerator
For more information about The Communitech Hub, go to www.communitechhub.ca
Communitech www.communitech.ca is the hub for the commercialization of innovation in Waterloo Region,
creating economic prosperity by removing barriers to the creation and
growth of tech companies.
SOURCE Communitech Ltd.
For further information:
Shelley Grandy, Sr. PR Advisor, Communitech, email@example.com