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____________________ Monday June 9 , 2014 ___________________

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Economic Development

Netherlands Delgation Tours Waterloo Region

Kitchener – Yesterday, Waterloo Region welcomed guests from Brainport Eindhoven, the economic development organization for the region of Eindhoven, southern Netherlands.

Participating in a three day program that includes various R&D, industry, trade and governmental meetings to further build on the strategic agreement between Canada’s Technology Triangle Inc. (CTT Inc.) (AKA Waterloo Region) and Brainport Region Eindhoven.

From June 8-11, Eindhoven Mayor Rob van Gijzel will be accompanied by 3-D metal printing firm Additive Industries, Brainport Eindhoven business development director, global accelerator StartUpBootCampXL, and international policy and urban development staff.

In fall 2013, CTT Inc. led a business development outreach mission to Eindhoven, which led to the signing of a strategic agreement with Brainport Eindhoven. Similar to Waterloo Region, Brainport has positioned their community as a top tech region and ideal location in which to invest. Named by Forbes as the most inventive region in the world and winner of the 2011 ICF award, the similarities and strengths in advanced manufacturing, automotive, ICT, health tech and food processing between the two regions are astounding. During this visit, Mayor van Gijzel will hold an in-depth master class for community stakeholders on how the Brainport Eindhoven success story evolved.

Mayor van Gijzel states about the upcoming visit “I believe regions cannot develop and grow economically if they don’t form strategic economic alliances with other regions globally. That is why Brainport Region Eindhoven and Waterloo Region started an alliance last year. We are both high tech regions and want to share best practices to create mutual economic benefits through collaboration. During our visit next week this is exactly what we’ll do, as stakeholders will have in-depth conversations on topics such as cross incubation, talent exchange and R&D opportunities.”

“As ICF communities, we already have a close relationship with Brainport Eindhoven,” said Waterloo Mayor Brenda Halloran. “We look forward to forging ahead with innovative initiatives that benefit both our communities and foster economic growth through CTT Inc.’s lead in creating this trans-Atlantic alliance.”

“We’re excited to continue building this partnership that started in 2013 and look for further opportunities that will develop from our ongoing discussions,” said Kitchener Mayor Carl Zehr. “Making these connections now will put us in a strong position to seize opportunities when the Collaborative Economic Trade Agreement between Canada and Europe comes to fruition.”

“During our business development mission with Canada’s Technology Triangle Inc., we discovered a community with many commonalities to Cambridge including excellence in automotive manufacturing, health tech, food innovation and a desire to create an attractive and livable city for its citizens,” stated Mayor Doug Craig of Cambridge.
A local steering committee, formed with key stakeholders from the University of Waterloo, Teledyne DALSA, Canada’s Technology for Food, PwC, CTT Inc. and the cities of Cambridge, Kitchener, Waterloo, will support this unique global initiative and build momentum for two-way trade, exchange of talent, startup and soft-landing support, sharing best practices in economic development, and sector specific industry strategies.
Steering Committee member Patrick Myles of Waterloo-based Teledyne DALSA sees the importance of this international alliance saying, “Our Eindhoven and Waterloo facilities enjoy a strong bond due to our joint activities in the design and manufacture of innovative medical x-ray detectors. We are pleased to take an active role in the Waterloo Region – Brainport Eindhoven steering committee, as it helps to foster valuable collaboration between these two areas of technological and business excellence. Through establishing the steering committee, Canada’s Technology Triangle has shown leadership and vision that will have lasting benefits for our region.”

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Current Issue: Exchange June 2014