Organization: OECD

Government banks on supercluster initiative to boost economy through innovation

Almost a billion dollars in taxpayers’ funds are the carrot that the federal government hopes will bring industry and other stakeholders together to talk to each other and tap into each other’s resources to boost the Canadian economy through innovation. That’s the logic behind the $950-million Innovation Supercluster Initiative (ISI) which is heading into the final stretch of the two-phase selection process for between three and five winners.