Organization: Innovation Science and Economic Development (ISED)

Digital Technology Supercluster kicks off with $153 million ISED funding

The B.C.-based Digital Technology Supercluster announced its official launch after receiving a funding allocation for $153 million from the Ministry of Innovation, Science, and Economic Development (ISED) and $200 million in funding commitments from member organizations.

Innovative Solutions Canada launches three new challenges to Canadian SMBs

Innovation, Science and Economic Development (ISED) minister Navdeep Bains has announced a new round of challenges through the federal procurement program Innovative Solutions Canada (ISC). Launched late last year, ISC is designed to support R&D at small and mid-size businesses by inviting them to create products that answer specific government needs or requests. Winning businesses…

Advanced manufacturing and protein industries superclusters sign funding agreements with ISED

Two of the five Canadian superclusters in ISED’s $950-million Innovation Superclusters Initiative have signed funding agreements and are set to launch. On November 13, economic development minister Navdeep Bains announced the investment of nearly $230 million in the Ontario-based Next Generation Manufacturing Supercluster (NGen), while public safety minister Ralph Goodale, speaking on behalf of ISED,…

Feds announce new innovation and growth strategy for Quebec

The Canadian government has introduced a Federal Strategy on Innovation and Growth for the Quebec Regions. The new plan aims to support region-specific initiatives that will foster innovation, entrepreneurial activity and the creation of well-paying jobs. Piloted by Canada Economic Development for Quebec Regions (CED), the strategy focuses on four priorities: innovation and clean tech;…

General Fusion wins $49.3 million SIF funding for clean tech development project

The Ministry of Innovation, Science and Economic Development (ISED) will invest $49.3 million from its Strategic Innovation Fund (SIF) to support technology development at General Fusion, a Burnaby, B.C.-based company seeking to commercialize fusion energy. Fusion energy is generated from reactions released by superheated hydrogen gas. The process is safe and produces no emissions or…

New SIF funding for steel producer ArcelorMittal to support 6,400 Canadian jobs

In response to American tariffs on Canadian steel, economic development minister Navdeep Bains announced a $49.9 million Strategic Innovation Fund (SIF) investment to support an undertaking by steel company ArcelorMittal to modernize its facilities. The $205 million project aims to improve efficiency, sustainability, and productivity across its operations. With this investment, ArcelorMittal expects to reduce…

Economic Strategy Tables set the bar for achieving global competitiveness in six key sectors

The federally appointed Economic Strategy Tables (EST) have delivered their final report, which recommends a network of sector-specific Canadian Technology Adoption Centres. The collective report by all six tables contains “six signature initiatives” with the economic potential to add $318 billion or 15% to the GDP by 2030 compared to 2017 levels, and boost median household income by $13,000.

Digital Technology Supercluster gearing up to deliver successes

The British Columbia-based Digital Technology Supercluster is on track to launch its initial collaborative public-private sector projects in October, says chief executive Sue Paish, who expects the initiative will change how the world sees Canada.