Proving the Business Case for the Internet of Things

Rogers to invest $4 million to support Canadian M2M businesses

Iain Morris
November 27, 2014
 
Canada’s Rogers Communications has promised to invest $4 million in Canadian research institute Wavefront to accelerate the growth of M2M and Internet of Things businesses in the country.

The operator says that over the next five years it plans to offer financial resources, technology tools, training and mentorship programs to thousands of technology businesses and enterprises in Canada.

“At Rogers [Toronto, Canada], supporting homegrown technology businesses is in our DNA, and we see a distinct growth opportunity for Canadian businesses in the M2M, Internet of Things and wireless application space,” said Gord Nelson, the vice president of sales for BC, Alberta & Prairies, Rogers.

“Our commitment to Wavefront will give businesses in Vancouver and across the country access to programs and industry experts to help them drive growth in their business and allow them to better compete on a national and global scale,” added Nelson.

Rogers expects the number of connected devices in Canada to grow by 30% each year over the next four years, reaching 114 million and generating revenues of $21.1 billion by 2018.

“The success of our award-winning acceleration program would not be possible without the support of industry leaders like Rogers,” said James Maynard, Wavefront’s president and chief executive. “Beyond the financial investment, the experience Rogers brings to the table will help businesses better compete with global counterparts, drive new job creation and invigorate the technology community across the country.”

Rogers said the planned M2M investment would build on its commitment to spend more than $450 million in British Columbia over the three years on expanding its wireless network.

“This investment demonstrates Rogers’ support for innovation and entrepreneurship within British Columbia’s expanding technology sector,” said Andrew Wilkinson, the minister of technology, innovation and citizens’ services.

“Wavefront has done an excellent job of incubating and accelerating technology businesses here in BC, and the continued partnership between Wavefront and Rogers will help fuel the growth of machine-to-machine, Internet of Things, and wireless technology here in our province,” he added.

Canada’s government intends to invest up to $2 million to support the Rogers scheme through its Canadian Accelerator and Incubator Program, a five-year program set up to support the growth and development of startups.
 
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