Organization: Next Generation Manufacturing Canada

The Short Report – July 8, 2020: A new innovation hub for Toronto, National Bank doubles down on Nest Wealth, and more

The Bank of Canada is partnering with the Bank for International Settlements (BIS) to launch a BIS Innovation Hub in Toronto; National Bank of Canada’s venture-capital arm NAventures announced it will make an additional minority investment of up to $50-million in Toronto-based robo-advisor Nest Wealth; the federal government will invest $40 million over three years in the Union Training and Innovation Program; and more.

The Short Report – June 3, 2020: SSHRC and NSERC announce new grant winners; ScaleAI supporting 10 university chairs; DND launches COVID-19 challenges; and more…

The Social Sciences and Humanities Research Council awarded $75 million to more than 1,600 researchers from over 60 universities across Canada. More than $60 million will go for partnership projects and $14 million will support 160 postdoctoral researchers. Out of the total number of recipients, 760 (56%) self-identify as women, 48 (4%) as Indigenous, 158…

General business support programs don’t work. Instead, focus on competitive tax policies, manufacturing institutes, and opportunity zones: Policy paper

The Ontario government spends approximately $5 billion a year on business support programs, many of which don’t stand up to cost-benefit analysis, according to Jamison Steeve and Sean Speer in a new paper published by Ontario 360, a public policy research group housed at the University of Toronto’s Munk School of Global Affairs and Public Policy.

Advanced manufacturing and protein industries superclusters sign funding agreements with ISED

Two of the five Canadian superclusters in ISED’s $950-million Innovation Superclusters Initiative have signed funding agreements and are set to launch. On November 13, economic development minister Navdeep Bains announced the investment of nearly $230 million in the Ontario-based Next Generation Manufacturing Supercluster (NGen), while public safety minister Ralph Goodale, speaking on behalf of ISED,…