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Canada government renews funding for Global Innovation Clusters

The Government of Canada is investing more than $700 million to fund the Global Innovation Clusters program.

The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry recently announced that each cluster will receive renewed support to expand its national presence and deepen its impact at home and abroad. Following a competitive assessment process, based on financial track record and program metrics, the clusters will be allocated the following funding amounts:

  • Advanced Manufacturing Cluster – up to $177 million to support the commercialization of transformative projects that develop, scale up and apply advanced technology solutions in manufacturing, attracting talent and investments from within Canada and around the world
  • Digital Technology Cluster – up to $125 million to mobilize Canadian industry to build world-leading digital technologies that will make Canada a global leader in clean, healthy economic growth and see Canadian companies become digital anchor enterprises
  • Scale AI Cluster – up to $125 million to establish Canada as a global hub for artificial intelligence dedicated to business productivity and intelligent supply chains, with Canadian technology setting the world standard and providing a competitive advantage for Canadian businesses
  • Protein Industries Cluster – up to $150 million to facilitate investment in Canada’s plant-based food and feed ecosystem and in the creation of new products and services, while reducing the greenhouse gas emissions associated with agricultural production and food processing
  • Ocean Cluster – up to $125 million to accelerate solutions to address global ocean opportunities, building a stronger Canadian economy and a healthier planet

The clusters have adopted the following common missions: expanding their global presence, collaborating among the clusters to deepen their impact, fighting climate change, building more resilient supply chains and supporting the growth and scale-up of Canadian companies. The clusters will also aim to increase industry co-investment by raising their industry match ratio. This will create further positive impact on job creation and GDP.

Reposted from https://www.automationmag.com/canada-funding-innovation-clusters/