CrowdfundInsider | By Cole Lyons | June 23, 2017 

The Boston based company Fintech Sandbox and the Ontario Centres of Excellence (OCE) signed a memorandum of understanding (MOU) to work together to bring the Fintech Sandbox model into Ontario and eventually the rest of Canada.

The President and CEO of OCE, Dr. Tom Corr, spoke on this MOU:

“This new partnership between FinTech Sandbox and OCE is a unique opportunity that will give the growing fintech ecosystem in Ontario access to data, networks, platforms and events that will help accelerate growth and support the creation of high-quality jobs in the province. Signing this MOU with FinTech Sandbox will allow OCE to continue building on our programs and offerings in fintech innovation in Ontario.”

See: Fintech Regulation: Achieving the right balance to foster innovation

Fintech Sandbox is a nonprofit organization concerned with the promotion of global financial technology innovation. They provide Fintech startups with free critical data and resources to assist them with their business development. By providing this service for free, new Fintech companies can avoid the expensive cost of accessing large, relevant data. In return for this free information, startups collaborate and share what they learn in order to benefit the whole Fintech market.

OCE is a government funded organization that works with the commercialization of new and relevant innovations that can potentially shape future markets, thus ensuring that Ontario will be a global competitor. They work closely with industries, universities, colleges, research hospitals, investors, and governments in order to help cultivate these new ideas. OCE’s investments include advanced health, digital media and information communications, advanced manufacturing and materials, and cleantech energy, environment, and water.

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