Amazon Web Services and Nokia have announced a total investment of $4.3 million into Hamilton’s Innovation Factory, according to The Globe and Mail.
Over five years, Nokia will provide $3.3 million, and AWS will provide $1 million in credits to the Hamilton Innovation Factory, a not-for-profit regional innovation centre that provides workshops, programming, mentoring, and help with access to funding for entrepreneurs. The Globe and Mail reports that the investment will help develop an autonomous vehicle lab at McMaster Innovation Park, and that Nokia and Amazon are looking to build use cases for products used in smart cities.
According to The Globe and Mail, the Hamilton Innovation Factory is among six “regional technology development sites” that the province of Ontario is investing in. With these new investments, the Innovation Factory is hoping that Ontario’s entrepreneurs can contribute to developing vehicle and urban-design technology.