LONDON, ON – Today, the City of London, London Economic Development Corporation (LEDC), and Downtown London announced the first recipient of the Last Mile Fibre Optic Connection Grant Pilot Program. A high speed Fibre Optic connection was installed in the iconic building located at King Street and Clarence Street that housed the former Novacks.
The combination of high installation costs, monthly fees, and demand for a long term contract have previously posed barriers for startups and small business to access Fibre Optic technology. The two-year pilot project provides a grant of up to $20,000 per building for Fibre Optic connectivity for startups, small and medium companies to help business grow in downtown London. Installation is being done by London’s, Start.ca. In addition, Start.ca will be investing $1 million in 2015-2016 to continue expanding the downtown Fibre Optic network.
web.isod.es, an interactive digital video production company owned by Adam Caplan, and artist collective Vibrafusion Labs, a digital media lab with ties to Ryerson’s Digital Media Zone incubator in downtown Toronto, will benefit from Internet connection speeds up to 25 times faster than the old Internet connection at no additional monthly cost. Leveraging this high speed installation is a third organization, the UnLondon Digital Media Association, that has leased the remaining space in the King Street building and will be providing on-site media production facilities, shared desk space and a community support platform and also running programs to incubate a number of high-tech and retail-focused businesses.
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Businesses eligible to apply for the program include those in the creative industries, digital marketing and gaming, information technology, medical technology, and similar industries. The target area for the program is the central core of downtown, focused on Dundas Street and King Street between Wellington Street and Ridout Street.
For more information the Last Mile Fibre Optic Connection Grant Program visit http://ledc.com/assets/pdf/Last_mile_fibre_optic_connection_grant_fact_sheet-final.pdf
For applications contact Kathy McLaughlin, Manager - MainStreet Programs for Downtown London kathy@downtownlondon.ca 519 432 9816 downtownlondon.ca.
Quotes:
“This is great news for London an important step in retaining and attracting businesses in our downtown core,” said Mayor Matt Brown. “Building a more connected city with 21st century infrastructure like this for Londoners and the businesses that operate here is key to the Smart City portion of the London Plan.”
"Access to fibre optic services gives downtown properties a competitive advantage as locations of choice for companies and individuals who need reliable, fast, and competitively-priced internet services to conduct their business,” said Janette MacDonald, CEO & General Manager Downtown London. “We see this program as a step forward to help us attract targeted businesses to our district."
“London’s growing tech companies need robust, reliable, high speed connectivity,” said Kapil Lakhotia, President & CEO, London Economic Development Corporation. “The Fibre Optics Last Mile incentive program provides assistance for small and medium businesses to grow, be competitive, and create jobs.”
“Prior to this program, we received quotes for monthly fees in the thousands of dollars for Internet services that weren’t as fast as what the average Londoner gets at home. Now, we’re able to keep our monthly costs at a level that will allow us to grow our company alongside other innovative digital media businesses in downtown London,” said Adam Caplan, Principal & Founder, web.isod.es
“We’re excited to provide fellow downtown London businesses with affordable access to the incredible speeds and reliable service that comes with fibre optics. While downtown can be a challenge when it comes to building infrastructure, we’ve found creative solutions with the city and other partners to help bring this technology to the core,” said Peter Rocca, CEO Start.ca
Media Contact:
Ashley Conyngham
Director of Marketing and Communications
The London Economic Development Corporation
380 Wellington Street, Suite 701 London, ON. N6A 5B5
Office: 519 661 1883 | Mobile: 519 494 9716
