The IBM Innovation Incubator Project (I3)
The I3 project is focused on accelerating the growth and global expansion of Ontario’s small and medium-sized enterprises.
By offering IBM’s advanced cognitive and cloud computing technology infrastructure and worldwide business, design and technical resources, the success of the project will be driven by significant job creation, revenue growth and an increase in exports to overseas markets.
So, how does I3 work?
The I3 project is a multi-year initiative funded by Ontario’s Ministry of Economic Development and Growth (MEDG) in partnership with IBM Canada and Ontario Centres of Excellence (OCE) to help up to 500 small and medium-sized enterprises (SMEs) create jobs, embrace next-generation technologies and compete in the global marketplace. Funding will comprise of up to $22.75 million in investment from Ontario through the Jobs and Prosperity Fund and $24.75 million from IBM Canada.
THERE ARE FOUR STREAMS:
Demonstrate the value of a smart computing product/service with a strategic customer, by matching market leaders and market disruptors. By making connections between Ontario-based companies and small-to-medium-sized enterprises, this program will match industry needs with innovative solutions.
Data Analytics Internships
Build skills related to advanced analytic and smart computing technologies and techniques for analyzing large and/or diverse data sets and allow your company to address important business questions, uncover patterns and pursue breakthrough ideas.
This enables companies and/or post-secondary institutions to hire postdoctoral fellows, to gain advanced computing tools and infrastructure as part of smart computing R&D projects through the existing SOSCIP Research Consortium.
ventureLAB, MaRS, DMZ, Communitech, Invest Ottawa and IBM Toronto Innovation Space will provide SMEs with critical support services to help them scale up, identify and pursue new markets, and access cognitive and IBM Cloud computing through advanced technology platforms including IBM Bluemix and IBM Watson.
Let's crack some numbers.
As the Anchor technology firm on this initiative, IBM will be contributing $24.75 million towards the success of the project.Over $22 million in additional funding will be provided the Ontario government through its Jobs and Prosperity Fund – Strategic Partnership Stream.
TO BE CREATED
IBM INNOVATION INCUBATOR PROJECT PARTNERS
The IBM Innovation Incubator Project is a partnership between Ontario Centres of Excellence (OCE), IBM, SOSCIP, and the Government of Ontario.
As Partnership Coordinator for IBM Innovation Incubator Project, OCE oversees program delivery, working with IBM and SOSCIP to provide SMEs in Ontario with technological resources, physical space and expertise to help them to grow their businesses.
As the Anchor technology firm on this initiative, IBM will be contributing $24.75 million towards the success of the project. It will use its extensive resources, supply chain and enterprise customers to help SMEs grow and succeed in a global marketplace by fostering collaborations, attracting new talent, accessing export markets, and better supporting skills development and training.
SOSCIP, a research and development consortium that pairs academic and industry researchers with advanced computing tools to fuel Canadian innovation, will provide post-doctoral fellows unique training experiences in advanced computing and analytics technologies and industrial research through the SOSCIP-TalentEdge Post-doctoral Fellowship Program.
This program is supported by the Ontario government with over $22 million in funding through its Jobs and Prosperity Fund – Strategic Partnership Stream.