$57.9 million investment will create jobs, expand research and foster innovation
December 13, 2016 – Ottawa – Innovation, Science and Economic Development Canada
Canadians will be better equipped for the well-paying middle-class jobs of today and tomorrow as a result of a $ 57.9 million investment in the University of Ottawa.
This joint federal-provincial investment was announced today by David McGuinty, Member of Parliament for Ottawa South, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, and by Nathalie Des Rosiers, Member of Provincial Parliament for Ottawa-Vanier.
The Government of Canada’s Innovation Agenda aims to make this country a global centre for innovation—one that creates jobs, drives growth across all industries and improves the lives of all Canadians. This investment is a prime example of that vision in action.
The funding will support Science, Technology, Engineering and Mathematic (STEM) Complex, which will create a new state-of-the-art Science and Technology (STEM) Complex to replace obsolete, energy inefficient buildings. This multidisciplinary innovation hub will play a critical role in bridging the innovation gap. It will support entrepreneurship activities by providing students and researchers access to critical business development expertise. This Discovery District will be built to the highest environmental standards and will advance Canada’s climate change and sustainability goals at the University of Ottawa.
Of the $ 115 million investment, $ 51.5 million will come from the federal government and $ 6.4 million from the Government of Ontario. The University of Ottawa will contribute an additional $57.1 million for a total investment of $ 115,000,000.
The funding from the Government of Canada is being allocated through the Post-Secondary Institutions Strategic Investment Fund, which will enhance and modernize research facilities on Canadian campuses and improve the environmental sustainability of these facilities.
As a result of these investments, students, professors and researchers will work in state-of-the-art facilities that advance the country’s best research. They will collaborate in specially designed spaces that support lifelong learning and skills training. They will work in close proximity with partners to turn discoveries into products or services. In the process, they will train for—and invent—the high-value jobs of the future. And their discoveries will plant the seeds for the next generation of innovators.
That is how the Strategic Investment Fund will jump-start a virtuous circle of innovation, creating the right conditions for long-term growth that will yield benefits for generations to come.
Ontario is making the largest investment in public infrastructure in the province’s history—about $160 billion over 12 years—which is supporting 110,000 jobs every year across the province with projects such as hospitals, schools, roads, bridges and transit. Since 2015, the Province has announced support for more than 475 projects that will keep people and goods moving, connect communities and improve quality of life. To learn more about infrastructure projects in your community, go to Ontario.ca/BuildON.
“These infrastructure investments will create good, well-paying jobs that can help the middle class grow and prosper today, while also delivering sustained economic growth for years to come. Through the Strategic Investment Fund, we are strengthening the foundation for building Canada into a global centre for innovation.”
– David McGuinty, Member of Parliament for Ottawa South
“This once-in-a-generation investment by the Government of Canada is a historic down payment on the government’s vision to position Canada as a global centre for innovation. That means making Canada a world leader in turning ideas into solutions, science into technologies, skills into jobs and start-up companies into global successes. This investment will create conditions that are conducive to innovation and long-term growth, which will in turn keep the Canadian economy globally competitive.”
– The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development
“Encouraging scientific awareness in Ontario and across Canada depends on supporting our world-class scientists and researchers. Through investments such as those under the Strategic Investment Fund, we are continuing to lay the groundwork for making Canada a global leader in scientific excellence.”
– The Honourable Kirsty Duncan, Minister of Science
“Our government is proud to support this important project, which will further strengthen the University of Ottawa’s reputation as a leader in all aspects of Science, Technology, Engineering, and Mathematics (STEM). We know that providing access to high-quality education and training facilities is critical to building the highly-skilled workforce we need to support good jobs and economic growth for today and tomorrow, and this investment will help us to do it.”
— Nathalie Des Rosiers, MPP for Ottawa—Vanier on behalf of the Ottawa Caucus
“Thanks to its interdisciplinary focus, the STEM complex will be a unique place for students from all faculties to meet and collaborate,” said uOttawa President Jacques Frémont. “It will provide fertile ground for the cross-pollination of ideas and for the nourishment of research breakthroughs.”
- The Government of Canada’s Innovation Agenda is designed to ensure Canada is globally competitive in promoting research, translating ideas into new products and services, accelerating business growth and propelling entrepreneurs from the start-up phase to international success.
- The targeted, short-term investments under the Post-Secondary Institutions Strategic Investment Fund will promote economic activity across Canada and help Canada’s universities and colleges develop highly skilled workers, act as engines of discovery, and collaborate on innovations that help Canadian companies compete and grow internationally.
- The Post-Secondary Institutions Strategic Investment Fund supports the Government of Canada’s climate change objectives by encouraging sustainable and green infrastructure projects.
· Post-Secondary Institutions Strategic Investment Fund website
· Innovation Agenda backgrounder
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