Sault Ste. Marie Grows Biosciences And Technology Sectors
McGuinty Government Boosts Postsecondary Research, Creates Jobs
Algoma University's new convergence centre will bring together more academic researchers, businesses and other partners to develop new biosciences and technology ventures and create highly skilled jobs.
The Northern Ontario Heritage Fund Corporation (NOHFC) is providing additional support for this project to create 69 jobs and expand the biology program as well as research space and business incubation facilities. The convergence centre will support innovation from concept to application and will help drive successful commercial ventures.
The centre is expected to be completed in 2011.
This initiative is part of the government's five-year Open Ontario plan to create jobs and economic opportunities in Northern Ontario.
- Ontario is providing $1,780,178 through the NOHFC's Emerging Technology Program. In April 2010 the province provided $522,588 to start development for the centre
- Activities of the Biosciences and Technology Convergence Centre will include research on environmental biology, bio-products development, health technologies, and health sector applications of video game development.
“This new Bio-sciences and Technology Centre will further enhance the research capacity of Algoma University while helping our city attract and retain talented academics, entrepreneurs and students. Our government's investment in Algoma University will provide local students with a state-of-the-art learning environment and also strengthen Sault Ste. Marie's economy by creating new jobs in highly skilled sectors.”
“Our government is committed to investing in emerging technology projects that help diversify the northern economy, create good jobs in the North, and provide enhanced learning facilities for our young people.”