Attracting New Business Investments to Ontario
Chinese Companies to Establish New Operations in Ontario
Ontario is partnering with universities on new international collaborations that will increase investment in the province's economy and help create jobs.
Reza Moridi, Minister of Research and Innovation, recently concluded a successful mission to China that focused on opportunities in the life sciences, information technology, and clean technology sectors.
The mission included business leaders and researchers from Ontario's leading innovation universities. Highlights of the mission include:
- Announced 12 collaboration projects between Ontario, Chinese research institutions and industry partners, supported under the Memorandum of Understanding (MOU) between Ontario and the Ministry of Science and Technology (MOST) of China.
- Committed $10 million in joint Ontario-China funding to support the next round (2014-18) of collaboration projects under the Ontario/MOST MOU.
- Jiangsu Delin Environmental Protection Technology Co. Ltd. announced it will be establishing an R&D company, Delin Canada, in partnership with McMaster University.
- Beijing Stargen Power Systems Ltd. announced plans to set up a company in Ontario to commercialize clean power systems for the transportation industry.
- Enable Imaging Technologies, a London, Ontario-based biomedical device company, opened an office in Beijing.
- Water purification company Trojan Technologies, also based in London, Ontario, renewed its R&D partnership with Tsinghua University in Beijing.
- D&T Photonics, a spin-off company from the University of Ottawa, expanded its operations in Nanjing, China.
Building our knowledge economy is part of the government's economic plan that is creating jobs for today and tomorrow. The comprehensive plan and its six priorities focus on Ontario's greatest strengths--its people and strategic partnerships.
- MOUs with government organizations are often a vital first step in tapping into the enormous capital and market potential of China’s economy.
- Ontario works closely with MOST to encourage successful research, technology transfer and commercialization partnerships.
- The impact of Canada’s research ranks sixth in the world -- ahead of other top-producing scientific countries like Australia, China, Germany and Japan, and right behind the U.S. and U.K.
- 47 per cent of Canada’s R&D spending happens in Ontario.
- Ontario’s exported goods to China increased by just over 17 per cent between 2008 and 2012.
- According to the Conference Board of Canada, every $100 million increase in exports creates approximately 1,000 new jobs.
“Global partnerships between talented researchers and innovative companies lead to advances beyond what any of us could accomplish working alone. By further strengthening our research and innovation ties with China, we can enhance the role of technology in providing better healthcare and improving our environment, while supporting high-value jobs at home for today and for the future.”
“The Ontario-China MOU provides an ideal platform for Trojan to work with leading Chinese research institutions and end users to develop and apply our UV technologies to address drinking water issues in China.”
“We are excited to invest in Ontario-based companies like D&T Photonics that have cutting edge technologies. These partnerships provide mutual benefit for Ontario and China.”
Dr. Ming Che