SOSCIP

SOSCIP
OneEleven

OneEleven
Ontario Centres of Excellence Inc.

Ontario Centres of Excellence Inc.

December 11, 2014 11:58 ET

Agreement Means Big Boost for Big Data Start-Ups

TORONTO, ONTARIO--(Marketwired - Dec. 11, 2014) - Companies that are part of the big data community at Toronto's OneEleven now have the ability to harness the power of Canada's fastest supercomputer, the Blue Gene/Q, to take their businesses to the next level.

An agreement between OneEleven, a community of Canada's leading data-driven entrepreneurs, and the University of Toronto, on behalf of the Southern Ontario Smart Computing Innovation Platform (SOSCIP), will see select companies that work out of OneEleven provided with access to the IBM supercomputer.

"This collaboration will provide our region's most promising entrepreneurs, the big thinkers, with an unprecedented opportunity to access a world-class supercomputer," says Bilal Khan, Managing Director of OneEleven. "The potential benefits to the companies and to Ontario's and Canada's economies are tremendous."

SMEs that demonstrate they have the appropriate skills to effectively use the supercomputer and have a compelling business value proposition for test-driving their software on the machine will be given priority access for up to three months.

"SOSCIP's partnership with OneEleven will help to make high performance computing more accessible to Ontario businesses and entrepreneurs," said Professor Peter Lewis, SOSCIP Board Chair and Interim Vice-President, Research & Innovation at the University of Toronto. "Through this agreement, OneEleven's small companies will gain access to computing resources, technical expertise and advice that might otherwise be out of reach. In many cases, this will be an essential ingredient to help them develop innovative and competitive products and services for the people of Ontario."

Ontario Centres of Excellence, one of the founding partners in OneEleven, will recommend OneEleven companies that can benefit from access to this supercomputer to the SOSCIP scientific advisory committee, a role that OCE has been playing since the launch of the SOSCIP program over two years ago.

"When we co-founded OneEleven with OMERS Ventures and Ryerson University last year, it was with a view to helping up and coming small businesses tap into the power of supercomputing and that's exactly what this agreement does," says Dr. Tom Corr, President and CEO of OCE and OneEleven Board member. "For Ontario companies to compete globally in the big data market, they need this kind of affordable access to computing power of this magnitude."

About the Southern Ontario Smart Computing Innovation Platform (SOSCIP; www.soscip.org)

SOSCIP is a research and development consortium established in April 2012. The consortium pairs academic and industry researchers with advanced computing tools to fuel innovation leadership in Canada within the areas of agile computing, health, water, energy, cities, mining, advanced manufacturing, digital media and cybersecurity. Current consortium members include Carleton University, Laurier University, McMaster University, the University of Ontario Institute Of Technology, the University of Ottawa, Queen's University, Ryerson University, the University of Toronto, the University of Waterloo, Western University, York University and the IBM Canada Research and Development Centre.

About oneeleven (www.oneeleven.com)

Co-founded by OMERS Ventures and Ontario Centres of Excellence with Ryerson University as the founding academic partner, OneEleven (Twitter: @oneeleven_111) is a not-for-profit community of the most promising and sophisticated data-driven entrepreneurs and home to some of Toronto's best technology start-ups. By convening a powerful network of venture capital, industry, academia and government, Oneeleven is bridging the gap between research and commercialization and supporting SMEs in the development of solutions to highly complex, data and time-intensive problems. This collision of talent and technology will position Ontario as a global leader in the big-data economy.

About Ontario Centres of Excellence (OCE) Inc. (www.oce-ontario.org)

Ontario Centres of Excellence (OCE) drives the commercialization of cutting-edge research to build the economy of tomorrow and secure Ontario's global competitiveness. OCE fosters the training and development of the next generation of innovators and entrepreneurs and is a key partner with Ontario's industry, universities, colleges, research hospitals, domestic and foreign investors, and government ministries. A champion of leading-edge technologies, best practices, innovation, entrepreneurship and research, OCE invests in such areas as advanced health, information and communications technology, digital media, advanced materials and manufacturing, agri-food, aerospace, transportation, energy, and the environment including water and mining. OCE is a key partner in delivering Ontario's Innovation Agenda as a member of the province's Ontario Network of Entrepreneurs (ONE), which helps Ontario-based entrepreneurs and industry rapidly grow their company and create jobs. Learn more at www.onebusiness.ca.

Contact Information

  • Media contacts: SOSCIP
    Kenneth Meiklejohn, Coordinator/Special Projects Officer
    Office of the Vice President, Research and Innovation
    University of Toronto
    416-978-4482
    ken.meiklejohn@utoronto.ca

    OneEleven
    Bilal Khan
    Managing Director
    647-966-9696
    samman@oneeleven.com

    Ontario Centres of Excellence
    Stuart Green
    Manager, Media Relations
    416-861-1092 x 1022
    stuart.green@oce-ontario.org