January Wrap-up: Momentum in Innovation

From breakthroughs in AI, quantum computing and health research to major investments in clean energy, manufacturing and mobility, this month’s achievements show Waterloo’s community continuing to grow as a leading tech hub—and gaining global attention.

Here are the top stories from January 2026.

Redesigned RAV4: $1.1 billion invested, 8,500 jobs supported

Toyota Motor Manufacturing Canada has started assembling the redesigned RAV4 SUV at its Ontario plants, investing $1.1 billion to build the sixth-generation hybrid and support about 8,500 jobs. The new RAV4 uses batteries made in Canada and shows Toyota’s confidence in its workforce and local operations. Company leaders say it reflects long-term support for manufacturing and helps keep production steady despite global challenges.

Check out the full story from CTV News.

Researchers use AI to accelerate drug development

Researchers at the University of Waterloo are using artificial intelligence to speed up drug development and cut costs. By applying machine learning to complex data, they can predict how drugs will behave and identify promising candidates earlier. Working with experts in biology, mathematics and computer science and partners like the Princess Margaret Cancer Centre, they aim to make drug discovery more efficient and support targeted therapies.

Learn more about AI drug development in the University of Waterloo’s write-up.

Building the world’s first open-source quantum computer

Researchers at the University of Waterloo are helping build the world’s first open-source quantum computer, an effort aimed at making quantum technology more accessible. They are doing this through Open Quantum Design (OQD), a non-profit organization that boasts the world’s first open-source, full stack quantum computer. The project brings together researchers and industry partners to openly share designs and tools so others can build on the work and learn from it. By opening access to real quantum hardware, the team hopes to speed up innovation and help train the next generation of quantum researchers.

Learn more about the open-source quantum computer in the University of Waterloo’s write-up.

Waterloo is a growing tourist destination

The Waterloo area is becoming a key travel destination, attracting visitors with popular attractions like St. Jacob’s Farmers Market and Oktoberfest. With its mix of urban energy and unique rural charm, tourism is expected to grow even further in 2026.

Check out the full story from City News.

Miovision partners with TomTom to tackle traffic congestion

Kitchener-based Miovision has partnered with Dutch location tech company TomTom to integrate TomTom’s traffic data into its cloud platform, expanding coverage from about 60,000 to more than 300,000 intersections worldwide. The partnership will give cities and agencies deeper insights into traffic patterns to improve signal timing and reduce congestion.

Learn more about the Miovision mission in Betakit.

Agtech using AI to help swine and chicken farmers

Canadian agtech company BinSentry uses artificial intelligence to help swine and chicken farmers better manage animal feed by tracking supplies and usage and improving planning. The technology helps producers avoid shortages and overstocking while reflecting a broader shift toward precision livestock farming.

Check out the full story from The Globe and Mail.

Together, these stories show Waterloo’s continued momentum as a center for innovation, research and investment with real impact across technology, industry and communities.