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Archived - NGRAIN SADI Announcement

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The Honourable Christian Paradis, PC, MP
Minister of Industry

Vancouver, British Columbia

June 26, 2013

Check Against Delivery

Thank you.

And thank you to all of you for taking the time out of your busy schedules today.

I am delighted to be here.

This is a great opportunity, not only for NGRAIN but also for the high-tech sector across Canada.

I am immensely proud of Canada's aerospace industry, one that is recognized around the world.

In this, I am sure I speak for all Canadians.

Aerospace is just one of the many areas in which Canada punches well above its weight.

We have the fifth largest aerospace sector in the OECD.

We're home to leading multinational companies such as Bombardier and Héroux-Devtek.

And—just as importantly—to cutting-edge SMEs like NGRAIN.

This sector directly employs 73,000 highly skilled workers across the country.

It contributes $12 billion directly to Canada's GDP every year.

And it is a leading investor in R&D, something we know is linked directly to innovation, productivity and competitiveness.

Ladies and gentlemen, for Canada to succeed, we must invest in research that leads to new products and services.

We must find new markets, improve productivity and learn to do business differently.

Innovation will trigger growth in every sector of our economy.

And the aerospace and defence sector is certainly no exception.

It is innovation that will drive tomorrow's leading firms and create tomorrow's jobs.

And that will propel Canada to the forefront of the global economy.

NGRAIN is a fantastic example of what drive, dedication and imagination can create.

I am pleased to announce a $9.5-million contribution to help the company conduct the R&D it needs to bring its next generation 3D software tools to market.

With the right investments at the right time, we are able to take ideas from design to delivery.

We not only grow our businesses through this process but also see the ripple effects across the country.

Thanks to this project, NGRAIN expects to increase its full-time workforce and involve Canadian students and post-secondary institutions.

It plans to engage co-op students to help develop software code.

And to establish R&D partnerships with universities for advanced visualization, better file compression techniques and research in extracting 3D models from reference photos.

Collaborative relationships with universities will be an important part of the success of this venture.

And the country will be stronger for it.

But this is not new territory for NGRAIN. The company will be building off many already successful partnerships.

This project will complement existing national 3D graphics and simulation software capabilities.

And, with the development that will take place in Vancouver, it will help the West strengthen its reputation for excellence in modelling and simulation technology development.

Such excellence helps attract a knowledgeable workforce.

It leads to more students studying computer sciences.

And it attracts major industry manufacturers looking for technology solutions from innovative Canadian companies such as NGRAIN.

Projects such as the one we are supporting here help build knowledge and expertise that benefits the entire economy.

That is why, through Economic Action Plan 2013, our government committed long-term, stable funding of close to $1 billion over five years for the Strategic Aerospace and Defence Initiative.

And why we are reviewing this initiative to ensure its efficiency and strengthen its impact.

It is also why we created a new Technology Demonstration Program.

This important program will receive $110 million over four years and $55 million annually thereafter.

It will support large-scale technology demonstration projects with strong commercialization potential.

And further promote cross-industry collaboration.

We are seeing more and more successful innovations come from companies that have strong partnership arrangements with other firms and knowledge institutions.

This is a significant change from 40 or 50 years ago, when innovations often came from large firms acting on their own.

Leading countries today are those that create knowledge by supporting collaborative R&D.

Ladies and gentleman, our government has worked hard to create a strong economic foundation.

Paying down debt. Lowering taxes. Reducing red tape. Promoting free trade. And managing prudently.

I have criss-crossed the country to speak with business groups in cities and towns, large and small.

I have engaged with Canadian companies at local round tables because I want to hear directly about the opportunities and challenges they face.

Being here this morning is yet another opportunity to engage with you, our business leaders and entrepreneurs.

Because you are the drivers of economic growth, job creation and long-term prosperity in our country.

I firmly believe that the government's role is twofold:

To give our best and brightest the opportunities they need to succeed.

And then to get out of the way.

Put simply: growth and job creation in today's modern economy start with businesses.

They start with companies such as this one all across the country.

On that note, I want to congratulate NGRAIN—and your entire staff—for what you have accomplished.

I can't wait to see what your future has in store.

Thank you.

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