Author: Veronica Silva

Automotive firms receive $100 million from new SIF

Guelph ON-based Linamar Corp has received $49 million from the new Strategic Innovation Fund (SIF) to develop its advanced manufacturing capabilities around artificial intelligence and 3D printing, and cleaner automotive technologies. The $1.26-billion fund was announced in Budget 2017 and bundles several existing programs to support a range of high-growth and innovative sectors – such…

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RBC funds Waterloo’s cybersecurity lab, privacy projects

The Royal Bank of Canada (RBC) is investing $1.78 million in Univ of Waterloo for a cybersecurity lab and to support research projects in cybersecurity and digital privacy. The fund will support projects in computer science, mathematics and the new cybersecurity lab for the financial sector in the William G Davis Computer Research Centre, as…

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Canada, Germany to expand cooperation in more research areas

The National Research Council (NRC) has forged an agreement with German Aerospace Center (Deutsches Zentrum für Luft- und Raumfahrt or DLR) to further collaboration on aeronautics research and other research interests in the future. Rolf Henke, DLR executive board member responsible for aeronautics research, and Iain Stewart, NRC president, signed a Memorandum of Understanding on…

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Editorial – 32-1

It’s been a promising start to the New Year with several substantive announcements that are hopefully an indication of more to come with forthcoming federal and provincial budgets.

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Feds beef up clean tech support with $700 million in BDC assistance

Details of the federal government’s $2.3-billion investment in clean tech – unveiled in the 2017 Budget — are emerging with an announcement by Business Development Bank of Canada (BDC) of $700 million over five years to allow the federal banker to assume a higher risk profile in its loans to business. The BDC investment is…

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Canada to catalyze innovation in chemical sector

Canada is investing $35 million in NOVA Chemicals Corp, which recently invested $2.2 billion in foreign direct investments to grow its chemicals and plastics manufacturing business in Ontario and Alberta. NOVA Chemicals is setting up a new polyethylene facility and expanding its existing ethylene production in Ontario, a project that is estimated to grow the…

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