TCS launches Pace Port Toronto to help customers scale innovation programs with digital technologies

13 Jul 2022 , 02:03 PM

Tata Consultancy Services has launched TCS Pace Port Toronto, its fifth global research and co-innovation centre, to help Canadian companies bring digital innovations to life faster.

Located on the top floor of 400 University Avenue and spanning 16,000 square feet, Pace Port Toronto provides companies with access to the latest technologies and breakthrough thinking from TCS Research labs, start-ups, VCs, entrepreneurs, and academia — including the University of Toronto — as well as TCS’ network of Pace Ports in New York, Pittsburgh, Amsterdam, and Tokyo.

Plugging into this collective ecosystem of innovators and intellectual property through TCS’ Co-Innovation Network (COINTM) will enable Canadian companies to embrace a hybrid approach to collaborative innovation to set the pace of transformation in their industry.

Pace Port Toronto features an agile workspace, training space, academic research lab, and innovation showcase to encourage rapid prototyping, research, and commercializing of advanced technologies.

In support of local partner ecosystems, TCS also announced a $1,000,000 CAD gift to the University of Toronto’s Data Centre at the School of Cities, earmarked to support the building of smart cities.

Minister François-Philippe Champagne, Federal Minister of Innovation, Science and Industry, said, “TCS Pace Port Toronto is an incredible addition to the city’s flourishing tech landscape. Today’s announcement makes clear that Canada is a global leader when it comes to innovation, and we are pleased to see TCS bring their world-class innovations and services here to Toronto.”

Minister Victor Fedeli, Ontario Minister of Economic Development, Job Creation and Trade, said, “Our government is committed to making Ontario a more attractive place for businesses to invest and create jobs.

TCS Pace Ports bring together co-innovation networks of over 2,600 start-up and industry partners, to drive innovation and create the right conditions for our businesses and job creators to invest, grow and attract investment all across Ontario.”

At around 2:05 PM, Tata Consultancy Services was trading at Rs3,041 per share down by Rs43.65 or 1.42% from its previous closing of Rs3,084.65 per share on the BSE.