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June 28, 2001
Toronto announces the Canadian Technology Walk of Fame
Economic Development Culture & Tourism -- At the gala event for
GigaThon 2001 at the Toronto Carpet Factory in Liberty Village, Managing
Director of Economic Development Brenda Librecz announced the proposed Canadian
Technology Walk of Fame. It will showcase Canadian technology companies that
have made global contributions and will highlight the rapid growth and
achievements of Liberty Village, the area around King and Dufferin Streets.

The proposed location of the Canadian Technology Walk of Fame is on the north
side of Liberty Street between Fraser and Jefferson Streets. It is expected
that as the awards grow, the Canadian Technology Walk of Fame will spread to
other technology centres in Toronto.

"Toronto has taken a lead role in ensuring that Canadian technology companies
are recognized," said Julian Wharton, founder and chair of GigaThon Community

GigaThon Community Inc., a not-for-profit group, was founded to help build and
sustain a sense of community in the Canadian technology sector and promote
personal growth and creativity through the utilization of technology.
GigaThon's goal is to raise capital to be used for not-for-profit venture
funding to promote new technology and ideas among Canadians.

GigaThon 2001, Canada's second national IT event, brings together industry
professionals and entrepreneurial youth to celebrate the innovative spirit by
revealing Canadian technology. Last year, GigaThon 2000 raised $500,000 for
reBOOT Canada, a program that refurbishes old computer equipment and delivers
it to not-for-profit agencies, charities and schools across Canada. This year,
GigaThon 2001 expects to raise $1 million and host 2,000 participants.

The Canadian Technology Walk of Fame and the Canadian New Media Awards are two
of the events that help bring profile to Toronto's IT and New Media cluster.
Toronto's IT cluster is second only to Silicon Valley in California. Toronto's
cluster is larger than New York's or Los Angeles' and is unique in that its
strength is in both hardware and software.

Toronto IT and New Media clusters
  • Toronto's information technology (IT) cluster is second only to Silicon Valley in California. Toronto's cluster is larger than New York's or Los Angeles'.
  • Toronto's IT cluster is unique in that its strength is in booth hardware and software.
  • 3,100 IT companies employ approximately 155,000 people.
  • Top IT employers in Toronto include Celestica, Bell Canada, IBM Innovation Centre, Rogers Communications, Nortel Networks, EDS Canada, Telus Telecommunications, Intria HP, Cisco, Hummingbird, Alias Wavefront and AT&T.
  • Toronto's New Media companies employ approximately 8,000 people
  • Total commercial output of Toronto's New Media is estimated to be more than $1 billion annually.
  • Toronto is one of the top R&D centres in North America.
  • Toronto has Canada's most extensive fibre-optic network and the largest utilization of fibre-ring technology: local lines are 99 per cent digital and long distance lines are 80 per cent fibre-optic.

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