Niagara Falls Ryerson Innovation Hub
On September 3, 2019, FedDev Ontario announced an investment of nearly $3 million for the Niagara Falls-Ryerson Innovation Hub (NFRIH), over the next 4 years. Council agreed to match funding by the City during the next 4 year period.
The NFRIH will be a business incubator focused on digital media technologies. Ryerson's successful Digital Media Zone will serve as the model and key resource for designing NFRIH programming and services, while Spark Niagara's existing partnership and company pipelines will help attract and refer clients.
The announcement by FedDev Ontario was one part of $13 million being invested in Niagara to diversify and strengthen the local economy, enhance competitiveness in key sectors, and create jobs of the future.