Atlantic Canadian businesses and research institutions continue partnership to bring new products and services to market
Springboard Atlantic is the link that matches research with private sector resources
August 21, 2019 – Halifax, NS – Atlantic Canada Opportunities Agency
Connecting skilled university and college researchers with the business resources of private sector entrepreneurs drives collaboration and helps strengthen the Atlantic Canada economy by turning local innovation into local commercial successes. This leads to new business opportunities and well-paying jobs for the middle class.
Today, the Government of Canada is renewing its investment in Springboard Atlantic – the industry engagement and technology commercialization network that is helping the region’s businesses improve their competitiveness by fueling partnerships with universities and colleges.
The Atlantic Canada Opportunities Agency (ACOA) is investing $9.6 million from its Atlantic Innovation Fund (AIF) over three years so that Springboard can maintain its services, as well as develop and deliver initiatives that will help bring new products and solutions to market. This investment is in addition to contributions from Springboard’s 19 member institutions totalling $5.1 million.
These funds will support the efforts of 30 industry liaison officers situated at 14 universities and five colleges across Atlantic Canada, as well as six staff at Springboard’s head office in Halifax. Their work with post-secondary institutions help match up publicly funded research and knowledge with private sector needs, resulting in new marketable products and services.
The Honourable Bernadette Jordan, Minister of Rural Economic Development and Member of Parliament for South Shore – St. Margarets, made the announcement in Halifax today on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for ACOA. Minister Jordan was joined by Andy Fillmore, Parliamentary Secretary to the Minister of Canadian Heritage and Multiculturalism and Member of Parliament for Halifax.
The Government of Canada is making smart investments that will create good, middle-class jobs in our country. Support for this important pan-Atlantic initiative is one way the Government of Canada is working to achieve its Atlantic Growth Strategy outcome of long-term economic prosperity in the region.
“Springboard Atlantic’s role is to match universities and colleges to private sector potential so that the valuable research our educational institutions are doing can be turned into products and services that people want to buy. This investment – through ACOA’s Atlantic Innovation Fund – will ensure Springboard’s excellent work can continue until March 2023.”
- The Honourable Bernadette Jordan, Minister of Rural Economic Development and Member of Parliament for South Shore – St. Margarets
“Innovators are driving long-term economic growth in Atlantic Canada, and Springboard Atlantic’s support for collaborative research is a key pillar of our region’s innovation system. Strategic investments like the one announced today help create good jobs and improve the quality of life of Atlantic Canadians.”
– Andy Fillmore, Parliamentary Secretary to the Minister of Canadian Heritage and Multiculturalism and Member of Parliament for Halifax
“For almost 15 years the Springboard Atlantic network has been applying practical research to address real industry problems. Our member institutions have helped companies at all stages capitalize on new opportunities and have been instrumental in fostering many of the region’s most of innovative firms. This would not have been possible without the confidence and backing of partners such as ACOA. We are extremely pleased to continue our work with ACOA and all 19 members as we enter the next phase of our evolution and tackle even larger opportunities for Atlantic Canada.”
– Daryl Genge, President and CEO, Springboard Atlantic Inc.
The Atlantic Innovation Fund helps Atlantic Canadians develop and bring to market new products and services that lead to market success, help grow strategic sectors, or lead to the creation of research and commercialization partnerships.
Springboard provides strategically positioned resources to Atlantic Canadian universities and colleges, helping them transfer knowledge and technology into the private sector. The Springboard network is comprised of members from 14 Atlantic Canadian universities and five community colleges.
Springboard is also driving collaboration in priority sectors of the Atlantic Canada economy, most recently with “Ocean to Plate”, a series of consultations to help the lobster industry find solutions to new and evolving challenges.
Senior Communications Officer
Atlantic Canada Opportunities Agency
President and CEO
Springboard Atlantic Inc.
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