Author: Mark Henderson

Lockheed Martin completes IRB related to sale of Super Hercules aircraft

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Lockheed Martin has completed $1.4 billion worth of industrial regional benefits (IRB) associated with the federal government’s purchase of 17 CC-130J Super Hercules aircraft dating from 2007. The IRB commitments were completed one year ahead of schedule, completing 76 transactions involving companies and universities that included R&D funding, the development and sale of technology products…

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CNL seeking input for its proposal to build small nuclear reactors at Chalk River

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Canadian Nuclear Laboratories (CNL) has received more than 70 responses to its request for expression of interest in its small modular reactors (SMR) to determine its future course in their development and commercialization. The responses include SMR technology developers, the nuclear supply chain and R&D institutions as well as potential host communities. SMRs comprise a…

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CICan says more funding needed for colleges to reach full applied research potential

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Applied research conducted by Canada’s colleges and institutes totalled $246 million in FY15-16, up 76% over FY10-11 levels, according to the latest survey by Colleges and Institutes Canada (CICan). While impressive, the association says its members account for just 2% of all federal funding of higher education R&D and argue their contribution to Canadian innovation…

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Industry investors, training key to fast-tracking maturation of VC sector: New BDC programs

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The Business Development Bank of Canada (BDC) is betting that greater corporate involvement in venture capital will bring the know-how, contacts and money needed to move Canada’s VC sector from short pants to full adulthood. Faced with less than satisfactory improvement in Canada’s 30-year-old investment sector, BDC has launched two new programs designed to accelerate the maturation of Canada’s venture capital industry..

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Response to $950 million superclusters competition exceeds expectations

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Let the speculation begin. The first round in the process to select a handful of well-funded superclusters has been completed with more than 50 letters of intent (LOI) delivered to the Innovation Superclusters Initiative (ISI), managed by the federal department of Innovation, Science and Economic Development (ISED).

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