Morguard, CENGN and Nokia Launch Smart Building Living Labs to Support Canadian Technology Innovation

Executive Summary

• Morguard, in partnership with CENGN and Nokia, launched three Smart Building Living Labs in Montreal, Toronto, and Ottawa, investing $6.5 million.
• The labs will provide real‑world test environments for Canadian startups and scale‑ups to validate AI, robotics, IoT, and 5G‑enabled building technologies.
• The initiative aligns with CENGN’s federally funded $45 million Living Lab Initiative, supporting over 100 innovators and reinforcing Morguard’s commitment to sustainable, technology‑driven real estate.

Key Details

• Project Investment: $6.5 million total capital outlay by Morguard.
• Locations & Properties:
• Place Innovation – office property, Montreal.
• The Bay Club – multi‑suite residential property, Toronto.
• St. Laurent Shopping Centre – retail property, Ottawa.
• Technology Partners: Nokia will supply 5G and advanced fiber connectivity; CENGN provides technical expertise and program management.
• Target Participants: Canadian startups and scale‑ups developing AI predictive maintenance, robotics for building upkeep, real‑time energy‑saving sensors, and other smart‑building solutions.
• Federal Support Context: The labs are part of CENGN’s Living Lab Initiative, which receives $45 million from the Strategic Response Fund to accelerate digital innovation across Canada.
• Strategic Rationale (Morguard): Enhances property value, sustainability, and resilience; creates long‑term stakeholder value by integrating cutting‑edge technology into its real‑estate portfolio.
• Quotes:
• Angela Sahi, President & COO, Morguard – highlighted commitment to smart, sustainable properties and stakeholder value creation.
• Jeff Maddox, President, Nokia Canada – emphasized Nokia’s role in providing 5G/fiber resources for Industry 4.0 transformation.
• Chris Joyce, VP Business Development & Marketing, CENGN – noted the labs’ role in fast‑tracking Canadian innovators to market readiness.
• Application Process: Interested startups and scale‑ups can apply via https://www.cengn.ca/living-lab-initiative/smart-building-living-labs.

No financial results, earnings releases, or M&A activity disclosed.