Federal, Alberta and municipal governments are jointly providing $2.25 million to launch Canada’s first industrial hydrogen hub in the Edmonton region. Initial funding for the hub is seen as the first step in creating what Ottawa envisions will be a $50-billion Canadian clean hydrogen sector.
Organization: Government of Canada
With the right focus, policies and funding, Canada could be poised to seize a significant part of the ocean economy’s growth as the globe recovers and rebuilds post-pandemic, says Donald Grant, executive director at the Ocean Startup Project.
In this week’s The Short Report, the Government of Alberta contributes $20 million for vaccine R&D, a Canadian Infrastructure Bank invests in Ontario’s energy grid, 5G wireless tech to increase safety and reliability in the mining industry, Palette Skills leads consortium to address talent gaps in a post-COVID economy, and more.
The Clean Resource Innovation Network (CRIN) is making up to $80 million in federal funding available through oil and gas industry challenges to accelerate the development and commercialization of clean technology.
VC investment in Canada hit its second highest level last year, Canada’s annual Gairdner awards announced, Quebec SMEs benefit from a $9 million e-commerce boost, Ontario invests in autonomous vehicles, and more.
Government and business investment in electrical-grid connected battery energy storage is growing, driven by lower costs for the technology and Canada’s goal of achieving net-zero emissions by 2050.
The federal government’s upcoming budget needs to address the problem of “energy poverty” as an urgent priority, Kirsten Pulles, Community Organizer for Efficiency Canada, says in an op-ed. This includes funding low-income energy efficiency programs, making meaningful reductions in energy use, and training and hiring lower-income, rural and racialized Canadians to do the energy efficiency upgrades and outreach work, she says.
Ottawa announces major funding to expand Sanofi Pasteur’s Ontario facility for domestic biomanufacturing and vaccine preparedness; there’s new funding support for COVID-19 variants research and a new national network, and Siemens launches its first centre to accelerate the digitalization of energy and infrastructure in Canada.
Genome Canada launches a SARS-CoV-2 data portal to consolidate variants of concern data in one place, Calgary’s Suncor Energy invests in carbon capture technology to offset GHG emissions, Government of Canada invests $185 million in an agricultural program to share best practices for storing carbon, and more.
Canada’s continued poor performance in innovation and business productivity is due to a failure to link publicly funded research and innovation programs to an industrial strategy based on the country’s strengths, say innovation experts. Meanwhile, studies by University of Toronto researchers show the federal innovation agenda has negatively impacted funding for basic, investigator-driven research but hasn’t addressed the underlying problem of industrial innovation in Canada.