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Digital Technology Supercluster Obtains Up to $125 Million in New Funding as Government of Canada Announces Renewed Funding
Wednesday, February 22, 2023Company Profile | Follow Company
Vancouver, BC, February 22, 2023--(T-Net)--Digital Technology Supercluster (recently renamed as Renamed to Digital Global Innovation Cluster) has announced up to $125 million in new funding from the Government of Canada.
The annoncement was made last week as part of an overal $700 million funding announcement to renew support for a number of Global Innovation Clusters.
The Digital Technology Cluster will receive up to $125 million to mobilize Canadian industry to build world-leading digital technologies that will make Canada a global leader in clean, healthy economic growth and see Canadian companies become digital anchor enterprises.
François-Philippe Champagne, Minister of Innovation, Science and Industry, announced that each cluster will receive renewed support to expand its national presence and deepen its impact at home and abroad.
Following a competitive assessment process, based on financial track record and program metrics, other clusters will also be allocated the following funding amounts:
The clusters have adopted the following common missions: expanding their global presence, collaborating among the clusters to deepen their impact, fighting climate change, building more resilient supply chains, and supporting the growth and scale-up of Canadian SMEs. The clusters will also aim to increase industry co-investment by raising their industry match ratio, which will result in further positive impact on job creation and GDP.
"Since their implementation, the clusters have had positive impacts by fostering collaboration across Canada's innovation ecosystem, supporting hundreds of groundbreaking projects and creating thousands of well-paying jobs. Our government will continue to double down on spurring innovation and strengthen Canada's position as a global innovation leader." said François-Philippe Champagne, Minister of Innovation, Science and Industry.
Quick Facts
A backgrounder document on Global Innovation Cluster projects can be found here.
About Digital Supercluster
Ahead of the curve starts here. The Digital Supercluster is building a better Canada by growing Canadian businesses, creating a digitally skilled workforce and positively impacting lives across our Country. We accelerate the development and adoption of digital technologies that keep Canadians healthy, address climate change and drive economic productivity. Through a powerful combination of co-investment, cross-sector collaboration, IP creation and digital talent development, we unlock the potential of Canadians to lead and succeed in the digital world.
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Digital Technology Supercluster
Vancouver (New Media)
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