Nokia and Amazon invest $4.3 million in Hamilton

Nokia Corp. and Amazon.com Inc. will piggyback off a recent Ontario investment in autonomous-vehicle-technology to help develop a tech-demonstration facility in Hamilton showcasing urban-development innovations and the capabilities of 5G wireless networks.

 

Over five years, Nokia will invest $3.3-million and Amazon Web Services, or AWS, will provide $1-million worth of resources and support for its cloud-based services to Hamilton’s Innovation Factory incubator and accelerator.

 

Ontario became the first province to allow on-road driverless-car testing, in 2016, and has seen rapid investment in the technology as both the private and public sectors race to grab a stake in the future of connected cities. The province earmarked $80-million last year for an autonomous-vehicle innovation network. This month it said it would invest in six “regional technology development sites” – including as much as $5-million for Hamilton and the Innovation Factory.

Read the full story on The Globe and Mail.