CAMH receives first CIHR grant to study psilocybin and its effect on treatment-resistant depression; Toronto-based C6 Launch Systems prepares for its first suborbital test at a foreign spaceport through its Brazilian subsidiary, Ottawa makes $40 million available for projects that deliver business supports for women entrepreneurs, and more.
Organization: Export Development Canada
The new Canada Innovation and Investment Agency faces daunting challenges and will need political autonomy, be free to take risks in picking companies and sectors for funding, and have strong private sector support to succeed in increasing business R&D investment and innovation, say innovation and policy experts.
CIHR and NSERC terminate Collaborative Health Research Projects program, BC’s government invests in life sciences to boost health research, Ontario Genomics and CANSSI Ontario award inaugural postdoctoral fellowships in genome data science, Lululemon founder gives $100 million for muscle disorder research, a strategy to make Manitoba a leader in sustainable protein production, and more.
Biotech entrepreneur Clarissa Desjardins secures funding to develop drugs for rare diseases, the EU creates a multi-billion dollar fund to reduce dependence on foreign tech giants, CPC MP Michelle Rempel Garner tables a private member bill to attract investment in cryptoassets, and more.
The growth of Kraken Robotics, based in St. John’s, has been possible only with the financial investment and support of many federal and provincial government agencies, says Bill Donovan, senior program manager at Kraken.
Five Ontario post-secondary institutions establish a hub to advance climate action solutions, a global initiative bolsters internet routing, the Tanenbaum Open Science Institute (TOSI) at The Neuro announces a new partnership, and more.
A Tax Court of Canada ruling that reduced a Montreal aerospace company’s federal Scientific Research and Experimental Development tax credits impacts the entire tech sector and further complicates a government incentive program already rife with problems and in need of reform, say innovation advocates.
Canada’s aerospace industry is calling for a national strategy for the sector and more government support for innovation. But critics argue that aerospace is already one of the most subsidized industrial sectors in Canada and, if can’t survive in the global marketplace without continuous public funding, should be allowed to die.
A CBRE report shows Canada has some of the fastest growing tech talent pools In North America, UBC joins a global network to personalize autism care, and more.
Innovation Science and Economic Development Canada, in a detailed response to growing criticisms, defends the federal government’s innovation performance, policies and programs.