Tech Mahindra announced a strategic investment in Canada. An investment of CAD 100 million dollars is planned over the next 5 years to establish a new ‘Center of Excellence’ (COE) in Canada. The announcement comes as the Prime Minister of Canada, The Right Honorable Justin Trudeau visits India to promote enhanced bilateral collaboration between Canada and India.
This strategic initiative will focus on major technologies such as Artificial Intelligence and Blockchain, which are driving innovation across industries and will cater to the exponentially growing need for AI and Blockchain application especially in the ‘Fintech’ and ‘Smart Cities’ spaces. It will pave the way for Canadians and Indians to access cutting-edge technology, while creating a niche talent pool and job opportunities in next-gen technology areas.
Tech Mahindra’s expanded Canadian presence will help foster stronger connections with the Canadian innovation ecosystem, both in the business community and in academia. Canada is a natural choice for the COEs given its innovation culture, ready and skilled talent pool and vision of the connected future. Digital and AI technologies are also strategic to the Govt. of Canada and form key superclusters in the overall all economic landscape.
- Center of Excellence – ‘AI & Blockchain’ – Toronto
This COE based out of Toronto will work on major technologies such as AI and Blockchain to lead the innovation curve globally with focus on areas like ‘Fintech’ and ‘Smart Cities’
- Partnership with Academia & Start- Ups
COE will focus on jointly developing cutting-edge business solutions in Digital Technologies in close collaboration with the leading academic institutes, innovators and accelerators in the start-up ecosystem like the Vector Institute.
Innovation is key to Canada’s innovation and skills plan, working to make Canada a world-leading center for innovation, creating better and well-paying jobs, and helping strengthen and grow the middle class.
On the shifting sands of technology and fast changing market needs, innovation is key to survival. The Indo-Canadian Innovation partnership draws from the best learnings and skills of both developed and developing economies in shaping the digital future.