Oxford and OneEleven team up to create a new Toronto innovation district aiming to make Toronto as appealing as San Francisco. Their location is around Front St.

325 Front St West used to be a data centre for for Royal Bank. Five story 250,000 sq ft building will house hundreds of startups once complete.

OneEleven has already moved into the building in January 2017 and expended its operations. The accelerator helps companies after they raise between $1m-$5m with office space.

Participating startups usually pay membership fees instead of giving up their equity and usually stay around 12-18 months employing up to 40 employees.

The Front Street hub will also be good for Oxford since graduates will inevitably seek out new office space as they outgrow OneEleven.

Video: One Eleven – Innovation Hub Grand Opening: Celebrating the Grand Opening with Prime Minister Justin Trudeau and Toronto Mayor John Tory. Politicians and OneEleven member companies will discuss the importance of supporting Canadian technology and talent.