Ontario Renews Partnership with University of Guelph
McGuinty Government Inks Deal to Boost R&D, Food Safety, Environment
The partnership between the Ontario government and the University of Guelph that resulted in the Omega-3 egg is being renewed and improved.
Under an agreement announced today, the university will receive $300 million over the next five years to help it continue its top-notch agri-food and rural research and development programs, animal health and food testing services, and veterinary education. This is in addition to $56 million in one-time funding announced in the 2008 Ontario Budget.
The partnership also provides Ontario with improved methods to detect animal diseases such as rabies and tuberculosis, protecting lives and livelihoods.
- Between 1996 and 2007, an annual provincial investment of $54 million in the University of Guelph partnership leveraged more than $1 billion in returns per year.
- The current $650-million Ontario soybean market is built on 25 years of research - conducted through the partnership - into better production, yields and innovative uses such as soymilk, soy-based diesel, and even a potential treatment for kidney disease.
“This renewed partnership is good news for our agri-food sector and focuses on research and innovation to better protect our health, economy and environment.”
“This significant and strategic investment is indicative of the forward-thinking innovation strategy of the Ontario government and Minister Dombrowsky. This increased commitment will allow the partnership to generate even more than the current $1-billion it has been returning every year for the past 10 years.”
“This deal strengthens Guelph's role as a leader in innovation. This significant government investment will benefit not only the university and the city, but also the agricultural community throughout the province.”