First, Square Inc., the high-flying mobile payments company founded by Twitter Inc. wunderkind Jack Dorsey, announced plans to establish an engineering office in Waterloo to tap into the region’s local talent.
Earlier this week, Google Inc. announced that Waterloo’s Communitech startup incubator was one of seven North American hubs selected to join the Google for Entrepreneurs Tech Hub Network. Soon after, Google’s smartphone manufacturer Motorola Mobility revealed plans to establish a new engineering office in Waterloo, just a 10 minute drive from BlackBerry’s campus.
Finally, the University of Waterloo recently revealed plans for a new expansion to its VeloCity startup incubator that will focus on supporting technology hardware and science-focused companies. While the current VeloCity centre is home to many software-focused startups, the university is aiming to open the several-thousand-square-foot VeloCity Foundry facility early next year to provide workspace for students and young entrepreneurs creating companies focused on hardware technologies, including nanotechnology, robotics and mechatronics.
It’s good to know existing companies are setting up shop here, but the existing ecosystem is growing organically as well. Waterloo will not only be fine, it will continue to thrive and maybe even compete directly with Silicon Valley one day soon.