News Release Article from  Atlantic Canada Opportunities Agency

Government of Canada announces major support for innovation and commercialization in Atlantic Canada

ACOA commits to invest up to $12.6 million for six projects under the Atlantic Innovation Fund

February 11, 2016 – Moncton, NB – (Atlantic Canada Opportunities Agency – ACOA)

Joined by business, industry, and research and development (R&D) leaders from across Atlantic Canada, the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, and Minister responsible for ACOA, joined by the Honourable Dominic LeBlanc, Government House Leader and Member of Parliament for Beauséjour, N.B., today announced a commitment to invest up to $12.6 million dollars in six innovative projects across Atlantic Canada.

These projects are funded under the Atlantic Innovation Fund (AIF) component of ACOA’s innovation programming.

ACOA’s innovation programming, which includes the flagship Atlantic Innovation Fund, as well as the Business Development Program, responds to the evolving needs of Atlantic businesses and researchers. It is designed to help bring to market new products, technologies and services that will enable businesses to compete and succeed in the competitive global marketplace.

The programs also support SMEs across the region to acquire or adapt innovative technologies that can improve their productivity and competitiveness, while also enabling them to build the skills they need to innovate and compete in today’s global economy.

Quick Facts:

  • The Government of Canada is developing an Innovation Agenda that includes supporting companies to help them become more innovative, attract investments and become more export-oriented.
  • The Government of Canada is committed to working with partners –provinces, territories, municipalities, post-secondary insitutions, employers and labour – to improve the quality and impact of federal programs that support innovation, scientific research and entrepreneurship.
  • The Atlantic Innovation Fund continues to recognize the critical role that universities and other research institutions play in working with businesses throughout Atlantic Canada to develop and commercialize new products.
  • These projects will help create jobs in the Atlantic region and contribute to Atlantic Canada’s reputation as an innovation hub.

Quotes:

  • The Government of Canada, through ACOA, is making strategic investments in innovation that build on competitive regional advantages and support diversification of Atlantic communities. By investing in projects like those announced today, we will help Canadian businesses grow, innovate and export so that they can create good quality jobs and generate wealth for Canadians.”   

-       The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for ACOA

  • “By listening to and working in partnership with our businesses, community leaders, and research and learning institutes, we will continue to build and promote an innovative economy that encourages new investments, exports and growth while creating well-paying jobs for Atlantic Canadians.”

-       The Honourable Dominic LeBlanc, Government House Leader and Member of Parliament for Beauséjour, NB

  • “We place a lot of importance on innovation. A major portion of our budget goes to research and development to help us find ways to maintain and increase our market share. Over the years, the new approaches we’ve been able to adopt have helped us to substantially diversify our product line.”

-  Zoël Gautreau, Executive Vice-President of Jiffy Products (NB) Ltd.

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Contacts:

Jennifer Goostrey
Manager of Communications – Client Services
Atlantic Canada Opportunities Agency
506-229-0295 

Media Relations
Innovation, Science and Economic Development Canada
343-291-1777
ic.mediarelations-mediasrelations.ic@canada.ca


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