Eves government announces investment to boost leading-edge research at University of Ottawa
OTTAWA, Sept. 24 /CNW/ - The Ernie Eves government will invest $40.7 million in research and development at the University of Ottawa, David Turnbull, Associate Minister of Enterprise, Opportunity and Innovation announced today.
The investments will support 41 research projects that will allow the university to expand its research faculty and enhance its research facilities in fields such as human disease detection and treatment, information technology and environmental sciences.
"Investing in our researchers and research infrastructure will ensure that groundbreaking work continues, and will help Ontario retain and attract the world's top researchers and scientists," Turnbull said. "By investing in innovation, our government is creating a stronger future for Ontario."
The provincial investment will come from two sources. The Ontario Research and Development Challenge Fund (ORDCF) will invest $21.7 million and the Ontario Innovation Trust (OIT) will invest $19 million. The provincial investments have leveraged additional financial support from both the private sector and the federal government, bringing the total value of the investment at the University of Ottawa to $119.8 million.
"These research projects have the potential to improve the quality of life and health of the people of Ontario as well as create jobs, stimulate economic growth and attract international investment to Ontario," Turnbull said.
"These investments will enable our researchers to achieve the highest levels of excellence in research and scientific discovery," said Gilles G. Patry, Rector and Vice-Chancellor of the University of Ottawa.
Highlights of the research projects receiving provincial funding include:
- a facility for advanced genetic analysis;
- an Ontario Research Network for Electronic Commerce;
- advancements in human tissue replacement;
- a center for advanced research into kidney disease;
- new treatments for viral infections; and,
- advancements in early detection and treatment for cancer,
Alzheimer's Disease and schizophrenia.
This R&D funding brings the total combined provincial investment from the ORDCF and the OIT in the Ottawa-Carleton region to more than $135 million since 1997. When added to the dollars these investments have leveraged from other sources, more than $400 million has been invested in R&D in Ottawa- Carleton area post-secondary institutions and research hospitals.
The Ontario government established the ORDCF in 1997 and to date has endowed the fund with $750 million. The goal of the ORDCF is to increase the research capacity of the province's universities, colleges, hospitals and research institutes. Today's announcement brings the ORDCF's committed investments to Ontario's post-secondary institutions and research hospitals to more than $435 million, supporting 103 research projects. These funds have attracted and leveraged $1.1 billion in funding from institutions and their private-sector partners bringing the total value of ORDCF investments to more than $1.5 billion.
Established in 1999 by the Ontario government with endowments of more than $1 billion, the Ontario Innovation Trust invests in research infrastructure -- research facilities, equipment and technology -- at the province's universities, colleges, hospitals and research institutes. Today's announcement brings the trust's committed investments to more than $636 million, supporting 728 research projects, involving more than 1,500 researchers and scientists.
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For more information, visit www.ontario-canada.com
For more information on the OIT, visit www.oit.on.ca
For further information: Eric Shapiro, Communications and Public Affairs Branch, Ministry of Enterprise, Opportunity and Innovation, (416) 325-6698; Stephanie Lu, Minister's Office, (416) 325-1244, (416) 945-1974 (pager); David Bogart, Ontario Innovation Trust, (416) 977-9188 ext. 232; Genevieve Picard, University of Ottawa, (613) 562-5800 ext. 3137, (613) 724-8290 (cell)