Collaboration between industry and academia to support Canada's position as a leading global aerospace innovator
August 8, 2014 – Abbotsford, B.C. – Industry Canada
The Honourable Ed Fast, Minister of International Trade, on behalf of the Honourable James Moore, Minister of Industry, today committed government support in the amount of $30 million over five years to a newly formed, industry-led network dedicated to aerospace innovation. The network, the Consortium for Aerospace Research and Innovation in Canada (CARIC), launched in April 2014. Minister Fast made the announcement at the 2014 Aerospace, Defence and Security Expo.
CARIC will promote collaboration in aerospace research and innovation by strengthening linkages between researchers in industry, academia and research institutes in Canada and abroad and by partially funding earlier stage collaborative research and technology development (R&TD) projects in the aerospace industry at the low to mid technology readiness levels (TRL). The $30-million contribution will be used to fund collaborative R&TD projects and to support CARIC's operations and networking activity functions across Canada.
With the government's financial support, CARIC will help to strengthen the competitiveness of Canada's aerospace industry by accelerating the pace of technology development, increasing private sector investment in R&TD, developing highly qualified personnel in Canada, and providing students with industry-relevant skills and expertise.
Director of Communications
Office of the Minister of Industry