FedNor Investment Helps Establish Innovation Acceleration Program in Northern Ontario

News Release

April 15, 2016 – Sudbury, ON – Federal Economic Development Initiative for Northern Ontario – FedNor

Paul Lefebvre, Member of Parliament for Sudbury, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, and Minister responsible for FedNor, today announced a FedNor investment of $200,000 to enable the Northern Centre for Advanced Technology (NORCAT) to implement its Innovation Acceleration Program for private-sector businesses and entrepreneurs.

Designed to help high-tech businesses improve their productivity and competitiveness through the use of innovative technologies, processes or practices, the program will provide up to $10,000 in non-repayable funding to support services or direct costs for innovation-related product development. Supported activities include planning and development, sales and marketing, software and application development, as well as product testing and certification.

The funding announced today is provided through FedNor's Northern Ontario Development Program, which supports projects that promote sustainable community economic development, enhance business development and growth, and facilitate innovation.

Quotes

"By supporting NORCAT's Innovation Acceleration Program, the Government of Canada is helping to fuel Northern Ontario's economy by providing businesses with access to the resources they need to succeed in the modern economy. We are committed to investing in strategic initiatives that encourage businesses to become more innovative, productive and competitive through the adoption and commercialization of new technologies."

– The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, and Minister responsible for FedNor

"Today's announcement will further position Sudbury and all of Northern Ontario as a good place for innovation and high-tech firms to establish or grow their operations. Technology and innovation are key priorities for our government and I am thrilled that this investment will create jobs and new opportunities right here in the North."

– Paul Lefebvre, Member of Parliament for Sudbury

"We are excited to partner with the Government of Canada to accelerate business growth, drive job and wealth creation, and commercialize emerging technologies in Northern Ontario. NORCAT has a long history of success working with the private sector and I look forward to the positive results this project will deliver for our clients as well as the people, businesses and communities we serve."

– Don Duval, CEO, NORCAT

Associated Links

Contact

Barclay Babcock
Communications Officer - FedNor
705-690-0957
barclay.babcock@canada.ca


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