Morguard Partners with CENGN and Nokia for Innovative Labs
Innovative Smart Building Labs Created
Morguard Corporation has joined forces with CENGN and Nokia to introduce three pioneering Smart Building Living Labs. This initiative aims to support Canadian technological advancements through innovative real estate practices. The project allocates $6.5 million to accelerate the development of technology that enhances building safety, efficiency, and connectivity.
The Living Labs Concept
The Living Labs will be set up within various Morguard properties, transforming them into ecological and technologically advanced spaces. One is situated at Place Innovation, an office space designed for creativity and collaboration. Another lab is located at The Bay Club, a multi-suite residential environment, while the third is set in a retail setting at St. Laurent Shopping Centre. Each lab is equipped with Nokia's 5G technology, providing the necessary advanced connectivity to support innovative projects.
Benefits of the Initiative
This collaboration offers a significant opportunity for startups and scaleups across Canada to explore cutting-edge technologies. Innovations may include predictive AI systems for equipment failures, automated robotics for maintenance tasks, and energy-efficient sensor systems that adapt in real-time. All of these solutions will integrate into the daily operations of the buildings, enhancing their functionality.
Commitment to Sustainable Development
Angela Sahi, President and COO of Morguard, emphasized the company's dedication to integrating smart building technologies within Canada’s innovation ecosystem. This initiative is not just about innovation but also focuses on sustainability and value creation for stakeholders, aiming to positively impact the lives of those who engage with the properties.
CENGN’s Role in the Living Labs
As part of the broader CENGN Living Lab Initiative, this project is supported through a substantial federal investment aimed at fostering the growth of Canadian technology. With the assistance of CENGN, over 100 startups will be propelled towards market-readiness, benefiting from the partnership's resources and infrastructure.
Quotes from Leaders
Jeff Maddox, President of Nokia Canada, expressed pride in their involvement with this initiative, underscoring their commitment to advancing digital transformation across the nation. He noted that their partnership is essential for promoting the potential of Industry 4.0 innovation.
Chris Joyce, Vice President at CENGN, explained that
the Living Lab Initiative is designed to merge theoretical expertise with real-world applications by leveraging Morguard’s infrastructure. This not only facilitates faster market entry for innovative solutions but also positions Canada as a leading force in areas such as building automation and applied AI technology.
Getting Involved
Startups interested in joining this transformative project are encouraged to seek participation opportunities. The application process is designed to be accessible, inviting innovators from varied tech backgrounds to contribute to the future of smart buildings.
About Morguard Corporation
Morguard Corporation is a prominent player in the North American real estate market, focusing on a diverse portfolio that spans retail, industrial, and residential properties. With assets valued at approximately $18.7 billion, Morguard prides itself on its legacy of leadership and innovation spanning over 50 years in real estate.
About CENGN
CENGN is Canada’s Centre of Excellence in Next Generation Networks, facilitating the advancement and integration of emerging technologies. Their Living Lab Initiative embodies their mission to revolutionize the tech landscape in Canada, promoting innovations that cater to the evolving demands of the modern economy.
Frequently Asked Questions
What are the Smart Building Living Labs?
The Smart Building Living Labs are collaborative spaces established by Morguard, CENGN, and Nokia to foster technology innovation in real estate environments.
How much investment is behind this initiative?
The initiative represents an investment of $6.5 million aimed at developing technologies that enhance building safety and efficiency.
Where are the Living Labs located?
The labs are located in three Morguard properties: Place Innovation, The Bay Club, and St. Laurent Shopping Centre.
What technologies will be tested in the labs?
Innovative technologies such as AI systems, robotics for maintenance, and energy-reducing sensors will be tested within the Living Labs.
How can startups get involved?
Startups can apply to participate in CENGN's Living Lab Initiative, providing them valuable exposure and resources to develop their technological solutions.
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