Canada’s innovation superclusters are proving their value during the COVID-19 crisis and are well positioned to help lead the post-COVID economic recovery, the five superclusters’ CEOs told a Research Money webinar.
Canadian companies’ R&D spending grew 1.3% in 2016 to reach $12.8 billion, according to a report of Top 100 Corporate R&D Spenders by Research Infosource Inc. By comparison, R&D spending increased by 6.9% between 2014 and 2015.
Montreal’s Bombardier has committed several million dollars for an aerospace R&D hub in the GTA, which brings together the academia and industry with support from the three levels of government.
Clortech Tools, a small and mid-sized family-owned company in Quebec, has received a total of $812,500 from the federal and provincial governments to add to their project investment to acquire equipment that will increase their production capacity. A repayable contribution of $250,000 will come from the Canada Economic Development for Quebec Regions. The Quebec government…
According to Narwhal List 2018 of Canadian private companies in technology, 2017 was so successful in attracting VC money that 2018 might see a few “narwhals” possibly maturing to become “unicorns.”
Is Canada finally getting its innovation house in order? Two recent developments offer encouraging signs that federal (and provincial) policy is beginning to address past shortcomings at both ends of the innovation spectrum, acknowledging the importance of fundamental research and ensuring that rapidly expanding tech firms grow while remaining in Canada.
Cyclone Manufacturing Inc has received $8 million in federal funding to boost production of its aircraft parts, and expand its services and marketing activities. The Mississauga ON-based supplier to original equipment manufacturers has a strong client base including Bombardier, Airbus, Boeing and Embraer. Funding was provided by the Federal Economic Development Agency for Southern Ontario….