Supporting Innovation and Industry Between Provinces
Ontario and Alberta Sign Research Agreement to Increase Economic Growth
Ontario and Alberta have signed an agreement to work together with industry to develop research projects with a strong economic focus. These projects will help create jobs, advance the commercialization of new products and improve existing products and services in both provinces.
The two-year Alberta-Ontario Innovation Program will fund projects that focus on strengthening global competitiveness. It will draw on academic expertise to address challenges faced by industry, such as:
- Conservation of water and energy
- Developing better insulated building materials
- Environmental remediation
- Stormwater management
- Converting waste into energy
- Modular manufacturing and assembly
Ontario will provide up to $2 million to the program, which will be matched up to $2 million by Ontario companies. Ontario Centres of Excellence will manage the program.
Alberta will provide up to $1 million, with Alberta Innovates-Technology Futures managing the program and providing additional funding of up to $1 million. Alberta companies will match the combined funding up to $2 million.
Building our knowledge economy is part of the Ontario 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.
- Funds managed by the Ontario Centres of Excellence will stay in Ontario and will flow to academic institutions for collaborative R&D projects driven by Ontario-based industry partners.
- The Alberta government and Alberta Innovates -- Technology Futures funds will stay in Alberta and may flow to academic institutions, research institutes, and/or Alberta-based industry partners, as determined by the nature of the projects.
- Canada ranks sixth in the world in quality and impact of research and Ontario comprises nearly half of the national research enterprise.
“Our government recognizes that Ontario’s capacity to compete in the global knowledge-based economy and to create the jobs of tomorrow depends on our research strengths. That is why we welcome this strategic partnership with Alberta. Connecting industry and research leaders in Ontario and Alberta will help both provinces become more innovative, productive and competitive.”
“As an export-focused economy like Ontario’s, Alberta knows our success at home often means success for our partners across Canada. With a shared focus on innovation and a goal to enhance our ability to commercialize research, our two provinces can better compete locally, globally and build a stronger Canada.”
“This partnership with Alberta will mean significant investment in innovative projects that will bring great economic benefits to both provinces. This program, along with our life sciences partnership with Quebec, positions OCE as a leader in supporting innovation and entrepreneurship across Canada on behalf of Ontario.”
Dr. Tom Corr