Cisco Systems Inc., the IT giant and leading maker of
computer-networking equipment, has announced that it will invest
$100 million in an innovation centre in Toronto over the next ten
years. The Internet of Everything ("IoE") Innovation
Centre (the "Centre"), set to open at RBC WaterPark
Place, a new office building scheduled for completion in spring
2015, will provide support to start-ups, established companies and
industries using Cisco technologies and solutions.
The Centre in Toronto will be a North American hub, bringing
together start-ups, technology, service partners, academia and
customers, and promoting thought leadership and experimentation.
RBC WaterPark Place will also be the home of Cisco's new
Cisco defines IoE as "bringing together people, process,
data, and things to make networked connections more relevant and
valuable than ever before – turning information into actions
that create new capabilities, richer experiences, and unprecedented
economic opportunity for businesses, individuals, and
countries."1 IoE refers to
things and processes connected by the internet, such smart
vehicles, appliances and connections between customers and
In addition, Cisco plans to invest up to $4 billion in Canada
over the next decade and create up to 1,700 jobs.
The establishment of the Centre follows an announcement in
December 2013 by the Ontario government that Cisco will receive up
to $220 million in government funding to aid in the company's
The tech sectors in Ontario and Canada have received other
boosts recently, including through the establishment of
Canada's Venture Capital Action Plan ("VCAP"),
Ontario's Youth Investment Accelerator Fund ("YIAF")
and further investment in the Canada Accelerator and Incubator
Program ("CAIP") (see our blog posts on VCAP
here, on YIAF
here and on CAIP
Software license agreements generally require the customer to pay fees for the software license and related services, which fees are usually based upon the duration of the license and the manner in which the customer is allowed to use the software, together with applicable taxes and withholdings.
In less than nine months, on July 1, 2017, persons affected by a contravention of Canada's anti-spam legislation will be able to invoke a private right of action to sue for compensation and potentially substantial statutory damages.
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).