Small and medium companies are hiring more employees, partnering with larger firms and expanding into new markets as a result of their participation in Canada’s superclusters.
Topic: global competitiveness
Ottawa and Alberta are working together and with other governments, industry, researchers and innovators to build a transformative clean “hydrogen economy” in Canada.
Eddyfi has acquired two overseas companies that expand the Quebec City-based tech firm’s capability and reach in the fest-growing global market for non-destructive technologies and services. More than $600 million in private equity and debt financing was raised to complete the acquisitions and pursue other strategic opportunities.
Canada’s forest industry is tapping innovation with the aim of growing the nation’s GDP while slashing carbon emissions. Federal government funding and policy support for the innovation drive has been strong, say industry executives and innovation leaders. But more effort is needed to improve procurement programs and regulations, especially for biochemicals and biomaterials.
For researchers and organizations in Canada’s micro-nano R&D space, recent renewed funding to the nanoelectronics research community in Europe sends an important signal about working together to advance research and innovation in this vital sector.
Canadian oil and gas companies are ramping up investment in artificial intelligence and related digital technologies.