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Center for Sustainable Innovation to be located in Allentown
Paula Wolf//May 4, 2023//
Listen to this articleAllentown-based Iota Communications Inc., a wireless communication and data analytics software company, announced a joint venture with Fintech.TV, the global news media platform focused on digital and impact investment content, to create the Center for Sustainable Innovation.
The center is a public benefit corporation that will promote the adoption of new technologies to bring societal and economic benefits to local communities.
A release said “the partnership will combine a thematic media and content distribution of Fintech.TV with IotaComm’s network and technology platform with the goal of serving as a catalyst to spur economic growth, increase awareness, education, and adoption of sustainable business practices for the future.”
The Center for Sustainable Innovation will be based in IotaComm’s corporate headquarters, where Fintech.TV will have a broadcast studio presence.
“IotaComm’s role is to foster a collaborative environment of technology innovators, adopters, research organizations, universities and government to create an ecosystem of stakeholders to enable the implementation of emerging technologies,” the release said. “Artificial intelligence, digital assets, blockchain, metaverse and other technologies can help businesses reduce costs, increase safety and well-being for employees, and advance sustainability initiatives while also aiding communities in increasing the quality of life for citizens across all spectrums of society.”
“We are thrilled to enter into this partnership with Fintech.TV as it is a catalyst for our IotaCommUnity corporate social responsibility initiative,” added Terrence DeFranco, chairman and CEO. “Starting here in the Lehigh Valley, we believe the CSI will help to revitalize the community, spread technology gains and wealth across a broader population, enhance the quality of education in local schools, and help create solutions to the challenges the community faces. For IotaComm’s stakeholders, the CSI supports our culture of innovation and collaboration.”
Paula Wolf is a freelance writer
