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IBM Canada, in partnership with the Ontario Centres of Excellence and Communitech, has unveiled the IBM Innovation Incubator at Waterloo’s Communitech innovation hub.

The new incubator, which is meant to help startups scale and compete globally, is part of IBM’s Innovation Incubator Project, an initiative that was funded with a $24.75 million investment from IBM and $22.75 million from the Ontario’s Jobs and Prosperity Fund. IBM’s other innovation spaces are located at the Markham Convergence Centre, the DMZ, and MaRS.

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