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April 17, 2013

Government Of Canada Helps Colleges Support Business Innovation

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The Honourable Gary Goodyear, Minister of State (Science and Technology), today announced a significant investment in Canada’s colleges and polytechnics through the Canada Foundation for Innovation (CFI). The announcement was part of the Minister of State’s keynote address at the Association of Canadian Community Colleges’ Applied Research Symposium.

"Our government has committed to helping Canadian colleges collaborate with business and take promising ideas from the lab to the marketplace," said Minister of State Goodyear. "In addition to today’s CFI announcement, Economic Action Plan 2013 announced a number of measures to strengthen Canada’s advanced research capacity. These investments will help make our community colleges world-class sources of research."

The $12.5-million investment from the CFI’s College-Industry Innovation Fund (CIIF) will support 17 applied research projects at colleges, cégeps and polytechnics. The funding will help colleges across the country form partnerships with 89 companies.

Minister of State Goodyear also highlighted several new Economic Action Plan 2013 measures. Among them was an additional $12 million per year to support the College and Community Innovation Program that supports projects at the community and regional level by helping colleges work with local businesses. Economic Action Plan 2013 also extended eligibility for industrial research awards to students in colleges and polytechnics.

"Canadian colleges are an important player in our national innovation ecosystem," said Dr. Gilles Patry, President and CEO of the CFI. "The CIIF ensures that colleges have the state-of-the-art research infrastructure they need to conduct top level applied research."

Click here to read the original news release.

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