Iain Klugman (MPA’90)

Iain Klugman (MPA’90), Communitech’s CEO, officially launched the Communitech Data Hub last month with the company’s founding partners CIBC, City of Waterloo and Quantum Valley Investments, calling it the region’s new home for the data-driven tech community.

Communitech is an industry-led innovation centre that supports, fosters and celebrates nearly 1,000 tech companies. Since launching in May 1997, it has supported companies at all stages of growth and development. Communitech’s membership last year included 717 startups, 124 mid-sized companies and 66 large ones. Collectively, they raised $255 million in private investment and hired 2,782 new employees.

Formerly a police station, the hub is a newly renovated 19,000+ square foot facility that offers a collaborative space for a mix of tech and data-driven clients and enterprise partners. It’s available to startups and scale-up, features several data-specific special interest zones and is home to Canada’s Open Data Exchange (ODX) –a federal government initiative that helps enterprises and startups generate new commercial applications using open data sets.

“There’s this notion data is the new gold, and more and more we’ve seen a rise in local tech companies specializing in open data, artificial intelligence, connected vehicles, cyber security and smart cities,” said Klugman said on Communitech’s website.

Last year, Canadian Business recognized Klugman as one of Canada’s 50 Most Powerful Business People.

Read more in “Communitech’s tech savvy is admired around the world” on therecord.com and “Communitech Data Hub opens its doors with founding partners CIBC, City of Waterloo and Quantum Valley Investments” on communitech.ca.