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Minister Valdez announces appointments to BDC Board of Directors

| Innovation, Science and Economic Development Canada | news releases

Today, the Honourable Rechie Valdez, Minister of Small Business and Minister responsible for the Business Development Bank of Canada (BDC), announced four new appointments to BDC’s Board of Directors, effective January 26, 2024.

Government of Canada on track to exceed high-speed Internet connectivity targets

| Innovation, Science and Economic Development Canada | news releases

No matter where you live, access to reliable, affordable high-speed Internet is essential. That’s why the Government of Canada is working with provinces and territories, municipalities, Indigenous communities, and large and small Internet service providers to ensure that all Canadians are connected.

Government of Canada appoints new President of the National Research Council of Canada

| Innovation, Science and Economic Development Canada | news releases

Supporting research and innovation and connecting Canada’s researchers and entrepreneurs are essential in order to continue tackling some of the world’s most pressing challenges, such as climate change and pandemic preparedness. The National Research Council of Canada (NRC) plays a pivotal role in Canada’s research ecosystem by advancing leading-edge knowledge and working with innovators to find creative and sustainable solutions that will enhance the competitiveness of Canada’s economy.

Agreement reached on retaining Medicago’s strategic research and development assets in Canada and recovering payment from Medicago

| Innovation, Science and Economic Development Canada | news releases

Following the cessation of Medicago’s operations by its parent company Mitsubishi Chemical Group Corporation (“MCG”) in February 2023, the Government of Canada’s objectives were threefold: maintain Medicago’s intellectual property and critical research assets in Canada; ensure a Canadian company retains the technology platform, talent and expertise; and identify third-party investors that could help maintain and expand Medicago’s platform capabilities in-country. This is to enhance domestic pandemic preparedness capabilities and ensure that a promising technology platform remains in Canada.

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