Mcguinty Government Supports The Toronto Region Research Alliance
Investment Will Help Make Ontario A World-Class Hub For Research
TORONTO -- Premier Dalton McGuinty today announced that the government is helping to strengthen Ontario's position as a world-class centre for research and development by supporting the Toronto Region Research Alliance (TRRA).
"We know that the countries and jurisdictions that invest in innovation, that tap the creativity of their people, that market their ideas most effectively, will be home to the most rewarding jobs, the strongest economies and the best quality of life," said Premier McGuinty.
"Supporting the Toronto Region Research Alliance will help create a culture of innovation in Ontario, and make our province a world leader in research and development."
The government is investing $3.3 million over three years in the TRRA. This investment is part of the government's plan to make the Greater Golden Horseshoe, including the neighbouring communities of Guelph and Waterloo, a leading research hub. It will also contribute to building a culture of innovation in Ontario, a place where ideas are shared and research and innovation thrive. With this investment, the TRRA will focus on:
- Drawing top researchers and research projects to the region
- Building public and private research capacity
- Attracting new, international, investment and research-intensive firms
- Enhancing the region's commercialization performance
- Expanding on the region's existing research strengths such as biotechnology, information and communications technologies, materials science and advanced manufacturing
- Establishing a network of area CEOs to lead "Team Toronto" missions to secure key investments in Toronto and surrounding areas.
The Premier made today's announcement in his role as Minister of Research and Innovation. The Ministry of Research and Innovation was created in June 2005 to ensure that Ontario is competing and winning in the marketplace of ideas. Premier McGuinty has taken the lead role in driving the research and innovation agenda, signaling the importance the McGuinty government places on strengthening Ontario as a leading, innovation-based economy and society.
"It's my goal to build a more innovative, more creative Ontario," said Premier McGuinty. "Together, we can build an Ontario that is at the forefront of research and innovation -- an Ontario that leads Canada and the world."