It’s just that some think calling it a bank is confusing. To be sure, a lot of private sector observers welcome the institution, which Ottawa says will help bring private sector and pension fund capital into major infrastructure projects. With the government last week taking some steps to move the CIB off the drawing board and into reality, there’s a greater need to understand just what the so-called bank will do. The new Canada Infrastructure Bank is going to be a lot of things, but the one thing it won’t actually be is a bank, writes Drew Hasselback. Article content An infrastructure bank by any other name… This advertisement has not loaded yet, but your article continues below. We were wrong,” ODX managing director Kevin Tuer said. “The market for open data in Canada isn’t as far advanced as we thought.” “The intent, at our launch, was that we would be spending the majority of our time helping companies access and use open data, believing the supply side was in good shape. Two years into that three-year mandate, ODX is on track to reach its goals for creating jobs and companies, but has fallen short of its target for attracting investments for open data companies.
Based in Waterloo, Ont., ODX’s goal was to incubate 15 new companies, create 370 direct and indirect jobs and attract $50 million in venture capital over its three-year mandate. The Canadian Open Data Exchange, a public-private partnership created three years ago, was supposed to herald a new gold rush - the mining of government data to upon which to build businesses, writes Claire Brownell.
Article content Open data proves harder to mine than thought
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