Archived — Government of Canada Supports Innovation at Small — and Medium-Sized Businesses in National Capital Region
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For immediate release
November 12, 2010
The Honourable John Baird, Government House Leader, announced an investment under the Applied Research and Commercialization Initiative for the University of Ottawa. Source: Peter Thornton, University of Ottawa. Source: FedDev Ontario
Ottawa, Ontario — Small- and medium-sized businesses in southern Ontario, including the Ottawa area, will have an opportunity to work with local colleges and universities to bring promising new products to the marketplace faster. The Honourable John Baird, Government House Leader, announced an investment under the Applied Research and Commercialization Initiative would go to the University of Ottawa.
"This investment will help bring ideas from the lab into the marketplace," said John Baird. "Our government is committed to supporting families, businesses and communities of southern Ontario."
Under the $15-million Applied Research and Commercialization Initiative, the University of Ottawa will receive up to $750,000 to partner with small- and medium-sized enterprises on activities such as applied research, engineering design, technology development, product testing, and certification.
"As one of the top performing Canadian universities in research, the University of Ottawa is committed to supporting Ontario's businesses with innovative research programs and some of the brightest minds in the world. Canada's university is proud to be collaborating with members of local communities across the country," said Allan Rock, president of the University of Ottawa.
The Applied Research and Commercialization Initiative is a direct result of feedback from business leaders, academics and community leaders from across southern Ontario, who suggested FedDev Ontario take a leadership role in addressing the gap between research and commercialization.
For more information on the Applied Research and Commercialization Initiative, please refer to the backgrounder.
FedDev Ontario was created as part of Canada's Economic Action Plan to support businesses and communities in southern Ontario. Now in its second year of operation, the Agency is launching a number of initiatives to create a Southern Ontario Advantage and place the region in a strong position to compete in the global economy. These initiatives are designed to support businesses and other organizations through partnerships and investments in skills and training; innovation; research and development; and increased productivity. To learn more, please visit www.feddevontario.gc.ca or call 1-866-593-5505.
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