Archived — Government of Canada Supports Innovation at Small- and Medium-Sized Businesses in National Capital Region
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Economic Action Plan invests in jobs and growth through research and development
For immediate release
November 26, 2010
Ottawa, Ontario — Small- and medium-sized businesses in 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 and Minister of the Environment, today announced that an investment under the Applied Research and Commercialization Initiative would go to Algonquin College of Applied Arts and Technology.
"Our government is committed to supporting families, businesses and communities of the National Capital Region," said Minister Baird. "This new investment will help small businesses and bring innovative ideas to the marketplace faster."
Under the $15-million Applied Research and Commercialization Initiative, Algonquin College 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.
"I would like to thank the federal government for their investment in applied research at Algonquin College and the recognition of the important role colleges play in the national research agenda," said Robert Gillett, President of Algonquin College. "The Applied Research and Commercialization Initiative will allow us to continue to help small- and medium-sized businesses innovate and succeed while offering our faculty, students, and staff unique learning and professional development opportunities through applied research projects."
The Applied Research and Commercialization Initiative is a direct result of feedback from business leaders, academics and community leaders from across Ontario, who suggested FedDev Ontario take a leadership role in addressing the gap between research and commercialization.
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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For more information, contact:
Director of Communications
Office of the Honourable Gary Goodyear
Applied Research and Commercialization Initiative
The Applied Research and Commercialization Initiative is designed to bridge the gap between research and commercialization between Ontario's post-secondary academic institutions and small- and medium-sized enterprises. FedDev Ontario has committed up to $15 million for projects in 2010 under the initiative.
The Applied Research and Commercialization Initiative encourages greater collaboration between post-secondary institutions with research and development expertise and smaller businesses with pre-commercialization needs. The goals of the initiative are to accelerate innovation and improve productivity and competitiveness in companies located in southern Ontario, as well as encourage additional private sector investment.
The initiative supports post-secondary institutions offering services focused on improving innovation, productivity and commercialization to help individual companies move new products or processes to market. These activities include:
- product and process applied research;
- engineering design;
- technology development;
- product testing;
- proof of concept;
- piloting and demonstration; and
- problem solving.
Announced in Canada's Economic Action Plan, FedDev Ontario's mandate is to work with the people, communities and businesses in southern Ontario to create the conditions for economic growth. Created with a five-year mandate and $1-billion budget, the Agency is working to support southern Ontario's ongoing economic resurgence to ensure the region will emerge as a stronger, more diverse world leader.
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