Canada’s SMEs will be crucial to the post-COVID economic recovery, but they need improved government policies and incentives to secure intellectual property, successfully scale up and increase exports globally, says a new report by the Information Communications and Technology Council.
Organization: Quebec government
The federal government is helping one of Canada’s most enduring aerospace firms to apply the latest developments in digital technology to its simulation and training products and services. CAE Inc will receive $150 million from the Strategic Innovation Fund (SIF) to support a $1-billion, five-year program dubbed Project Digital Intelligence.
Pratt & Whitney Canada has announced an additional $250 million in R&D spending over three years with the assistance of a $75-million loan from the Quebec government. The assistance, repayable from royalties on sales, will be managed by Investissement Quebec. The new funding will support R&D aimed at validation, integration and improvement of engine performance,…