Company will invest $1 million over next five years in smart grid research chair at U of Waterloo.
Cisco is making two new investments in Ontario’s Kitchener-Waterloo area.
The company officially opened the new Cisco Incubation Centre onThursday morning. It will be part of the David Johnston Research andTechnology Park at the University of Waterloo (UW), as reported in theKitchener-WaterlooRecord.
The incubation facility will give students access to Cisco’scollaboration technology, expertise and worldwide partner system, thecompany said in a statement. The centre will be linked to similarresearch parks around the world.
It’s part of Cisco’s move to strengthen its ties with Canadianuniversity R&D programs. It has similar relationships with theUniversity of Winnipeg, the University of New Brunswick and theVancouver Island Technology Park.
Cisco also said Thursday it will invest $1 million over the next fiveyears to create a research chair position at UW focused on new smartgrid technologies. The inaugural chair will be held by UW computerscience professor Srinivasan Keshav, who is also a Canada ResearchChair in tetherless computing.