Canadian Government to Provide New $2 Billion Fund for Canadian Post-Secondary InstitutionsFriday, April 8, 2016
$2-billion fund will create jobs, expand research and grow innovation
Vancouver, BC, April 8, 2016--(T-Net)--Canada's post-secondary institutions are at the forefront of excellence in science, research and innovation. They help to train the workforce of tomorrow and create the knowledge and insights needed by the private and public sectors to build a clean, sustainable economy.
The Minister of Science, the Honourable Kirsty Duncan, today announced that the Government of Canada will launch the application process for a $2-billion fund that will improve research and innovation infrastructure at universities and colleges across the country.
Announced in Budget 2016, the Post-Secondary Institutions Strategic Investment Fund will enhance and modernize research facilities on Canadian campuses and improve the environmental sustainability of these facilities. Consultation with the provinces and territories as well as work to implement the initiative as quickly as possible are already under way.
The targeted, short-term investments under the Fund will promote economic activity across Canada and help Canada's universities and colleges develop highly skilled workers, act as engines of discovery and collaborate on innovations that help Canadian companies compete and grow internationally.
"By improving our college and university facilities, we are supporting innovation, scientific research and entrepreneurship in Canada, which translates into sustainable economic growth and support for all Canadians." said The Honourable Kirsty Duncan, Minister of Science.
"Canada's post-secondary institutions are front-line agents in fostering science and research excellence. They help to train the workforce of tomorrow and create knowledge and insights necessary for the private sector and policy makers to build a thriving, clean economy. These investments will create good,well-paying jobs that can help the middle class grow and prosper today, while also delivering economic growth for years to come." stated The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development.
"Canada's colleges and institutes welcome these important investments in post-secondary infrastructure. The projects that colleges and institutes undertake will strengthen the research and innovation resources available to businesses and organizations, provide students with opportunities to increase their innovation skills, and enhance the environmental sustainability of campuses and facilities across the country" said Denise Amyot, President & CEO, Colleges and Institutes Canada.
Office of the Minister of Science
Innovation, Science and Economic Development Canada
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