Brampton Receives $30 Million in Funding for Cybersecure Catalyst
Brampton’s quickly becoming a major leader in Canadian cybersecurity.
Today (June 12), Mayor Patrick Brown, welcomed a significant investment by the Government of Canada in Cybersecure Catalyst.
The Cybersecure Catalyst is an initiative led by Ryerson University in partnership with the City, the Royal Bank of Canada and Rogers Communications Inc.
Navdeep Bains, the Minister of Innovation, Science and Economic Development, announced the funding of $10 million towards the Cybersecure Catalyst.
Rogers Communications has also pledged $10 million, while the City of Brampton has committed $5 million over the next five years and the Royal Bank of Canada another $5 million towards the initiative.
“Safeguarding Canadians’ digital privacy and security is essential to ensuring continued trust in the digital world.,” said Bains. “At the same time, the data-driven economy represents limitless opportunities for innovators to improve the lives of Canadians. By leveraging expertise from our post-secondary institutions, like Ryerson, and drawing from a strong pipeline of Canadian talent, our government is ensuring that our workers have the right skills to seize the opportunities of this new economy and help protect Canadians’ privacy and security online.”
These funds are the result of the ongoing collaboration between Ryerson University and the City, to make Brampton a future hub for learning and innovation.
"As we continue to build a City of Opportunities as part of our 2040 Vision, I would like to thank the Government of Canada, Rogers and Royal Bank of Canada, for supporting the Ryerson University-led Rogers Cybersecure Catalyst and establishment of a national centre for cybersecurity in Brampton,” said Mayor Patrick Brown. “We are looking to unlock the potential of downtown and prioritize economic growth and jobs. With this joint venture, we aim to ensure that we have the talent, resources and research to meet the increasing demands of the growing global threat of cybersecurity."
The Cybersecure Catalyst is scheduled to open at Brampton City Hall by November of this year. It will focus on skilling up current cybersecurity professionals and supporting cybersecurity companies in this city, and across Ontario and Canada.
“We are thrilled to be founding Rogers Cybersecure Catalyst in Brampton, and we are grateful for the support of the Mayor, City Council and city staff for their collaboration and support,” said Charles Finlay, the Executive Director of Cybersecure Catalyst. “Brampton is a vital centre for innovation and technology development, and we are looking forward to working closely with Brampton’s business community, post-secondary institutions and residents to make the city a Canadian hub for cybersecurity innovation and collaboration.”
This announcement follows other major recent investments in downtown Brampton.
In May, Brampton City Council approved three transformational initiatives, including the Centre for Innovation, Downtown Transit Terminal and Hurontario Main Light Rail Transit.
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