In an interview with RE$EARCH MONEY, Molly Shoichet discusses her new biotech startup, her experience as Ontario’s chief scientist, and her views on innovation in Canada.
Organization: Univ of Toronto
New data reveal little change in business R&D spending by top-ranked companies
Canadian companies’ R&D spending grew 1.3% in 2016 to reach $12.8 billion, according to a report of Top 100 Corporate R&D Spenders by Research Infosource Inc. By comparison, R&D spending increased by 6.9% between 2014 and 2015.
Toronto and Shenzhen launch the Sino-Canada International Innovation Centre
The cities of Toronto and Shenzhen, often called Silicon Valley North and Silicon Valley of China, respectively, will open the Sino-Canada International Innovation Centre this month at a ceremony in Toronto. The Sci Innovation Centre is intended to increase cooperation between Chinese and Canadian entrepreneurs and companies in the following industry sectors: electronic technology, ICT, biotechnology, cleantech…
TRIUMF business arm looking into broader industry collaborations
Can science and business fruitfully cohabitate? It’s possible. And it’s happening in a Vancouver university campus where physicists can be found hard at work on their cyclotron particle accelerator in one room while industry people are in another room testing for radiation particles. These are common-day activities in TRIUMF, one of Canada’s large-scale research facilities, which is home to hundreds of researchers from academia, other research institutes and industry from across Canada and around the world.
Bombardier commits $6M to fund R&D hub and heritage site
Montreal’s Bombardier has committed several million dollars for an aerospace R&D hub in the GTA, which brings together the academia and industry with support from the three levels of government.
Bank of Canada teams up with CDL on new tech for financial services
The Bank of Canada will team up with the Creative Destruction Lab (CDL) to learn more about emerging technologies and their applications in financial services. In line with its 2019–2021 Medium-Term Plan, the Bank forged the partnership to keep abreast of developments in artificial intelligence, machine learning, crypto currencies and quantum computing. The partnership with…
Toronto hosts Samsung’s second AI centre in North America
Samsung Research America (SRA) will establish an AI centre in Toronto’s downtown core at MaRS Discovery District. The AI centre seeks to hasten the adoption of AI using machine-learning technology on multiple devices — ranging from household gadgets and appliances to vehicles — with the goal of reducing friction between the user and the device.…
CABHI funds projects that help dementia patients, their caregivers
More than $7.6 million has been announced to support the development and validation testing of 53 new innovations seeking to help dementia patients and their caregivers, the Centre for Aging + Brain Health Innovation (CABHI) announced recently. Part of the funding is for a localized area alert system for missing persons with dementia, assessment of the…
Q&A with Ontario’s first chief scientist, Dr Molly Shoichet
Last fall, Ontario named its first chief scientist after a nearly year-long search, selecting Dr Molly Shoichet, a biomedical scientist in Univ of Toronto. RE$EARCH MONEY spoke with her last month to learn more about what she and her team will be working on.
NCE shortlists 11 for 2018-19 competition
The Networks of Centres of Excellence (NCE) has announced 11 shortlisted candidates that will proceed to the next phase of the 2018-19 competition that is open to both new and established networks. The 11 networks bested 58 other proposals and will submit full proposals by July. This competition marks the first time both new and…