The Feds on Monday announced details of a new initiative to diversify the venture capital market is it incents the sector to boost its investments in more Canadian companies.
Article Type: Generic
CANARIE opens new competition for reusable software with 2x funding
CANARIE has announced a second round of competition for projects around reusable software after its pilot program was well received by the research community.
Ontario life sciences sector calls for coordinated strategy to boost sector
Ontario’s key life sciences players are calling for greater coordination to help the sector grow by more effectively exploiting the sector’s untapped potential.
Ontario’s new chief scientist to serve advisory role
After a months-long public search, Ontario has announced the appointment of Dr Molly Shoichet as its first chief scientist who will advise the provincial premier on science and innovation policy based on scientific evidence.
Pharmaceutical R&D spending remains far below industry’s 10% commitment – PMPRB report
Another year of less-than-impressive R&D spending by the pharmaceutical industry has re-ignited the annual sparing match between industry and the organization that compiles the data. The Patented Medicines Prices Review Board (PMPRB) reports that companies belonging to Innovative Medicines Canada (IMC – formerly Rx&D) spent $770 million on R&D in 2016 or 4.9% of its $15.6 billion in sales – a ratio unchanged from 2015.
CREATE awards $29 million in new funding as it widens scope of eligible disciplines
More than $29 million in grants were announced recently for 18 research projects under the Collaborative Research and Training Experience (CREATE) program of the Natural Sciences and Engineering Research Council (NSERC).
Feds announce $155 million to help natural resources sector address climate change
The federal government has announced a $155-million program to help the natural resources sectors address climate change by developing and deploying clean technologies that will lower their notoriously high greenhouse gas emissions. The funding under the new Clean Growth Program (CGP) is aimed at the energy, mining and forestry sectors for pre-commercial projects between technology readiness levels 3 to 9.
R&D expenditures in higher education creep upward after years of decline: StatsCan
Higher education spending in R&D rose 3.4% to $11.8 billion in FY15-16 from $11.4 billion in FY14-15, according to the latest data from Statistics Canada. This growth – as measured in constant 2007 dollars — indicates a change in direction after decreases of 1.1% and 1.2% in FY14-15 and FY13-14, respectively.
Players deliver pep talk on need for collaborative approach to innovating
Canada has been longing for its turn to be an innovation leader but constantly looking to Silicon Valley as a role model is not going to be enough. Innovators big and small have to take risks and jump on the opportunity. And they don’t have to do it alone.
Ontario names Toronto professor as chief scientist to advise Queen’s Park
Ontario names Dr Molly Shoichet as its first chief scientist who will advise Premiere Kathleen Wynne on science and innovation policy based on scientific evidence.

