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March 17, 2014
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Canada: Cisco Picks Toronto as a Global Hub




By Allan Lynch

Cisco Systems have picked Toronto to be one of four global innovation hubs. 

Toronto will be the site of a $100-million global innovation centre dedicated to the “internet of everything” (IoE), a market Cisco estimates to be worth $19 trillion over the next 10 years.

The Toronto IoE Innovation Centre, opening in 2015, represents a first investment in a planned $2 billion commitment to Ontario that will result in 1,700 jobs, says Cisco Canada vice-president of marketing Mark Collins.

“It will also position Toronto as a unique tech hub that will allow companies to harness Cisco's expertise and leverage their 'internet of everything' market opportunity,” he said.

Toronto is a natural fit for Cisco given the Organization for Economic Cooperation and Development says it has the most highly educated workforce in the world. 

With a population of 2.6 million people, Toronto is Canada’s largest city, North America’s third largest financial centre and according to The Economist the fifth “most livable” city in the world based on factors including stability, health care, culture, environment, education and infrastructure.


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