Almost a billion dollars in taxpayers’ funds are the carrot that the federal government hopes will bring industry and other stakeholders together to talk to each other and tap into each other’s resources to boost the Canadian economy through innovation. That’s the logic behind the $950-million Innovation Supercluster Initiative (ISI) which is heading into the final stretch of the two-phase selection process for between three and five winners.
Topic: Innovation Supercluster Initiative
Atlantic Canada has taken the next logical step in its decade long effort to build a regional expertise in oceans technology with the formation of an industry-led consortium that is vying to become one of a handful of federally funded innovation superclusters. Petroleum Research Newfoundland and Labrador (PRNL) and Clearwater Seafoods Inc have submitted a letter of intent to the federal government in a joint bid for supercluster funding.