The City of New Westminster and the Vancouver Economic Commission have signed a memorandum of understanding on technology deployment and innovation.
The agreement marks the beginning of a partnership between the two parties to build a regional platform for technology deployment, demonstration and business innovation.
“The City of New Westminster is proud to be an anchor of innovation and sustainability in the region,” said Mayor Jonathan Cote. “Through our new partnership with the Vancouver Economic Commission, we will accelerate our own and other’s ability to support regional companies who want to bring cutting-edge technology to bear on major problems.”
A press release from the City of New Westminster said the city and the commission will collaborate to develop a network and programing for private industry, public sector institutions, investors and other partners to work together to demonstrate and deploy new technologies that can solve major societal problems. Final negotiations for the innovation partnership memorandum of understanding took place at the Cascadia Innovation Corridor Conference in Vancouver earlier this month.
“Leading smart cities around the world are looking for demonstration sites and partnerships for new, sustainable solutions to old-school problems,” said Vancouver Economic Commission CEO Catherine Warren. “By sharing our popular incubation program, we hope that other jurisdictions will spark innovation – and that the City of New Westminster is the first of many municipal leaders to take it forward.”