Topic: Strategic Innovation Fund

The Short Report, June 19, 2019 – Research chairs, cybersecurity, Strategic Innovation Fund

Science and Sports minister Kirsty Duncan has announced over $275 million for 346 new and renewed Canada Research Chairs at 52 institutions across Canada. It was the most gender diverse competition yet: 47% women, 22% visible minorities, 5% persons with disabilities, and 4% Indigenous peoples. The Canada Foundation for Innovation is contributing another $5.2 million…

The Short Report, June 12, 2019 – artificial intelligence, tech demos, cybersecurity

Gaming company Unity Technologies is expanding its operations in Montreal with a new artificial intelligence lab. More than new 450 hires are expected over the next few years, including artificial intelligence experts, developers and engineers. – Newswire The federal government is awarding $50-million to three private equity funds under the clean tech stream of its…

Toronto’s Creative Destruction Lab receives $25 million through the Strategic Innovation Fund

The Government of Canada is investing $25 million in the University of Toronto’s Creative Destruction Lab (CDL), a non-profit project to pair science-based startups with business expertise. The investment comes through the Strategic Innovation Fund, a $1.26 billion federal program to spur innovation in Canada’s industrial and technological sectors, with a focus on large projects…

Economic Strategy Tables set the bar for achieving global competitiveness in six key sectors

The federally appointed Economic Strategy Tables (EST) have delivered their final report, which recommends a network of sector-specific Canadian Technology Adoption Centres. The collective report by all six tables contains “six signature initiatives” with the economic potential to add $318 billion or 15% to the GDP by 2030 compared to 2017 levels, and boost median household income by $13,000.

Feds pay for innovative training solutions for aerospace, defence

The federal government is putting in $7.6 million to support a $19-million project that will help design and develop training and simulation products for use in aerospace and defence. The repayable investment being made through the Strategic Innovation Fund will be provided to Bluedrop Performance Learning Inc., a company that provides simulation technology, simulators and…

Governments, Apple invest in Alcoa-Rio Tinto JV for carbon-free aluminum project

The federal and Quebec governments are investing millions in a joint-venture project between aluminum industry leaders Alcoa Corporation and Rio Tinto Aluminum that is also being supported by technology giant Apple, Inc. The $558-million two-phased project will involve Alcoa and Rio Tinto forming a joint venture called Elysis. The federal government is investing $60 million…

Biotech firm gets federal, provincial funds for advanced manufacturing

Canada’s largest biotech company, STEMCELL Technologies, will receive $45 million to develop regenerative medicine products in an advanced manufacturing facility. The federal government and British Columbia will each contribute $22.5 million for their project that includes building a $138-million production facility by 2022, and consolidating the three Vancouver locations of the company into a single…