Government of Canada Continues Investing in Innovation Through Research and Business Partnerships
For immediate release
September 27, 2012
Ottawa, Ontario — The Government of Canada is continuing to invest in 24 post-secondary institutions undertaking market-driven projects in partnership with hundreds of businesses in southern Ontario. The Honourable Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), congratulated the post-secondary institutions on the funding through the extension of the Applied Research and Commercialization initiative.
"Our Government's strong track record with this innovative program demonstrates how businesses can benefit from the research expertise available at post-secondary institutions and move innovative ideas to the marketplace faster," said Minister Goodyear. "I'm pleased that many more businesses are getting the tools and resources they need to grow, to create jobs, and to stay competitive in today's economy."
The Government has invested a total of $15 million through the extension of the Applied Research and Commercialization initiative to help bring new innovative products to the marketplace faster. In December 2011, FedDev Ontario announced the extension of the Applied Research and Commercialization initiative until March 31, 2013, with additional funding for collaborations between institutions and businesses to support innovation in southern Ontario. Many of these new collaborations are already underway. Please refer to the backgrounder for a list of institutions participating in the extension.
Since its launch in 2010 as a two-year pilot, the initiative has supported the collaboration of 24 colleges and universities across southern Ontario with more than 300 companies. This has provided businesses with opportunities to increase productivity and efficiency. It has also helped them narrow the gap between research and commercialization with activities such as applied research, engineering design, technology development, product testing, and certification. For a full list of partnership projects under the Applied Research and Commercialization pilot, please refer to the FedDev Ontario website.
For example, Research Casting International, a restorer of dinosaur skeletons for museums worldwide, is one of 15 companies to recently collaborate with Queen's University through the initiative. Thanks to FedDev Ontario's investment, Research Casting International had an opportunity to work with students at Queen's School of Computing on how to better communicate with its customers. Together, they developed custom software to allow information to be shared digitally. This successful partnership enabled students to work on real-world problems and provided the company with a competitive market advantage.
Created in 2009, FedDev Ontario supports the southern Ontario economy by building on the region's strengths and creating opportunities for jobs and economic growth. The Agency has launched 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 encourage partnerships and support projects that help the region's businesses and communities become more competitive, innovative and diversified. 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
The following post-secondary institutions are participating in the extension of the Applied Research and Commercialization initiative and will partner with small- and medium-sized businesses on innovative projects to be completed by March 31, 2013.
|Applicant||Extension Funding (up to)|
|La Cité collégiale||$475,000|
|St. Lawrence College||$155,000|
|University of Guelph||$650,000|
|University of Ontario Institute of Technology (UOIT)||$639,000|
|University of Ottawa||$650,000|
|University of Toronto||$650,000|
|University of Waterloo||$750,000|
|University of Windsor||$750,000|
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