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Daily CSR

Daily CSR
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TCS inaugurates Pace Port in Toronton


TCS Pace Port hubs across the world has more than 4,000 researchers and innovators, 2,300 plus startup partners, and more than 30 innovation labs, as well as 67 academic partners.

TCS inaugurates Pace Port in Toronton
Earlier this month, Tata Consultancy Services (TCS) launched its fifth global research and co-innovation center, TCS Pace Port TM in Toronto to enable Canadian companies to increase the turnaround of their digital innovations.

Situated on the top floor of 400 University Avenue TCS’s Pace Port Toronto provides companies with access to the latest technologies and breakthroughs stemming from TCS Research labs, startups, VCs, entrepreneurs, and academia including the University of Toronto, as well as TCS’ network of Pace Ports in New York, Pittsburgh, Amsterdam, and Tokyo.
By plugging into this ecosystem of innovations and intellectual property through the company’s Co-Innovation Network (COINTM), Canadian companies can embrace a hybrid approach to collaborative innovation to increase the pace of transformation in their respective industries.

TCS’s Pace Port Toronto features a training space, an agile workspace, an academic research lab, as well as an innovation showcase to encourage rapid prototyping, research, and commercializing of advanced technologies.

In order to support its local partners, TCS also announced a $1,000,000 CAD gift to the University of Toronto’s Urban Data Centre at the School of Cities, earmarking it for supporting the building of smart cities.

“TCS Pace Port Toronto is an incredible addition to the city’s flourishing tech landscape. Today’s announcement makes clear that Canada is a global leader when it comes to innovation, and we are pleased to see TCS bring their world-class innovations and services here to Toronto,” said Canada’s Federal Minister of Innovation, Science and Industry, François-Philippe Champagne.

“Our government is committed to making Ontario a more attractive place for businesses to invest and create jobs. TCS Pace Ports bring together co-innovation networks of over 2,600 start-up and industry partners, to drive innovation and create the right conditions for our businesses and job creators to invest, grow and attract investment all across Ontario,” said Victor Fedeli, Canada’s Minister of Economic Development, Job Creation and Trade.

“Establishing a Pace Port in Toronto – North America’s fastest growing tech market -- is part of a long-term TCS strategic plan for Canada that includes innovation labs, growing and reskilling our workforce, and our ongoing work with schools to support STEM education,” said Ananth Krishnan, TCS’s Chief Technology Officer.

“By leveraging the power of a global collaborative partner ecosystem, technology partners, academia, and the best of TCS research and innovation, Pace Port Toronto will help local Canadian companies to more quickly transform their businesses with digital technology,” said Soumen Roy, Country Head, TCS Canada.