Creation of Innovation Superclusters

March 22, 2017 - Special Budget Edition

The Budget indicates that the Federal Government is proposing to launch a competition to create “innovation superclusters” that will have access to significant government funding to develop innovations in various areas including clean technology and health/bio sciences.  While this appears to be directed towards creating new economic growth opportunities for Canadian businesses and will ultimately be a business-led initiative, the clusters will consist of partnerships between organizations.  Given the research and innovation focus, this new measure will interest universities, hospitals, and other research-focused organizations.

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