Nokia transforming Kanata campus into tech hub
Posted Oct 17, 2022 05:30:00 PM.
Nokia and the federal, provincial and municipal governments have jointly announced plans to expand and transform its facility in the Kanata North Technology Park into a research and development technology (R and D) centre.
The feds, the province and City of Ottawa are investing a total of $72 million into the project.
The $340 million expansion project will transform Nokia's 26 acre campus in Kanata into a mixed use corporate, residential and commercial hub.
in a News release Nokia said the plan is to expand the company’s capacity in next-generation information and communications technology (ICT) and cyber security innovation while adding 340 jobs and help the company bring talent to Canada.
“Nokia is helping to drive Ontario’s tech leadership,” said Pekka Lundmark, president and chief executive officer (CEO) of Nokia. “This world-class, sustainable R and D hub will be one of Nokia’s most dynamic developments that will create cutting-edge innovations and solutions to advance the global technology ecosystem.”
Breaking the funding down, Nokia will invest $340 million in labs and equipment, labour, and operating costs between 2023 and 2027, while the federal government will provide up to $40 million via its Strategic Innovation Fund.
The provincial government, through Invest Ontario, will provide $30 million to the project, while the City of Ottawa, through Hydro Ottawa, will make a capital contribution of $2 million for control system upgrades.
“Today’s announcement reinforces Nokia’s commitment to the Canadian market, where we have invested $1.4 billion in R&D over the past five years,” said Nokia Canada president Jeffrey Maddox, in a statement.
Nokia said it plans to begin site construction in 2023 and expects to open the new facility in 2026.
Nokia said the new Ottawa facility will also support the company's global target of 50 per cent greenhouse gas emission reduction by 2030 by implementing sustainable technologies, including water side heat recovery, air side heat and energy recovery, water side free cooling, and rainwater harvesting.
With files from The Canadian Press.
