Digital Media Corridor gets funding

Communitech and the Stratford Institute of the University of Waterloo announced today that they have been awarded $10.7 million from Ottawa to establish the “Corridor for Advancing Canadian Digital Media” with hubs in Stratford and Kitchener.

Today’s announcement builds upon more than $50 Million in cash and in-kind support from The Corridor for Advancing Canadian Digital Media partners that include Open Text, Christie Digital, Research In Motion, Agfa Healthcare, COM DEV, and Tech Capital Partners.

The community expects that the Corridor for Advancing Canadian Digital Media will lead to the creation of new jobs, new companies and will position Canada as a global digital media leader.