The Ontario Government announced today it will provide up to $9.3 million to Coral CEA to help companies develop and market communications enabled applications (CEA) in a matter of weeks instead of months and years. CEA is the next wave of innovation in communications and information technology.
Carleton University is a founding member of Coral CEA (www.coralcea.net). The four other founding partners are IBM, Nortel Networks, Eclipse Foundation and the Information Technology Association of Canada (ITAC).
“This new venture will take the commercialization of information and communications technology to a new level in the global marketplace,” says Carleton President Roseann O’Reilly Runte. “It is a great example of Carleton at work, as it incorporates innovation, location, community engagement and solutions to real-world problems.”
“The global impact, and the number and types of products and services that can be produced through Communications Enabled Applications is limited solely by our imagination,’” says the Hon. John Milloy, Minister of Research and Innovation. “Today’s investment is about supporting our creative entrepreneurs and emerging technology businesses while putting Ontario in front of this multibillion-dollar global market opportunity.”
IBM and Nortel Networks made a combined $15.3 million in-kind contribution to Coral CEA. Most of this contribution will be used to establish the Coral CEA Sandbox. Companies working with Carleton researchers can use the Sandbox to experiment and develop global market offerings for which customers are willing to pay. The Sandbox provides out-of the-box technology to members who can then network with other partners around the world to create new products and applications.
“Coral CEA will create and grow new knowledge economy-based companies and jobs to help member companies succeed and flourish in the face of daunting global competition,” adds Peter Carbone, chair of the board of directors.
Coral CEA is implementing a commercialization approach that does not give an advantage to any one company. This business ecosystem approach builds on the successful Carleton-led Lead to Win and Talent First programs and the results of Competing in Open Environments, a joint industry-university research program led by Tony Bailetti, executive director of Coral CEA, and Carbone.
“Faculty and students of Carleton’s unique Technology Innovation Management Program (TIM) are actively engaged with large and small innovative companies, government departments and business development organizations to transform our region so it can lead in the 21st century,” says Bailetti, who holds faculty appointments in both the Department of Systems and Computer Engineering and the Eric Sprott School of Business at Carleton.
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For more information:
Dr. Tony Bailetti
Executive Director, Coral CEA
Department of Systems and Computer Engineering and
Sprott School of Business, Carleton University
613-520-2600 ext. 8398
bailetti@sce.carleton.ca
Lin Moody
Media Relations Officer
Carleton University
613-520-2600 ext. 8705
