Ontario launches CA$209m cash injection for innovative research programmes across the hub.
Ontario is awarding three projects a total CA$209m ($169m) to boost innovation in the region.
The Ontario Research Fund will take $196m of the overall pot, with $65m dedicated to supporting globally transformational research projects such as antibiotic resistance while the remaining $131m will be spent on keeping infrastructure up to date and luring top academic talent. The remaining $13m will be spent through the Early Researcher Awards programme, which will be used to build research teams.
A total of 280 projects were selected to receive the cash, and were selected through a rigorous peer review programme involving both Canadian and international experts from academia and industry.
Since 2003, the Ontario Research Fund has leveraged over $2.9bn in funding and created 5,500 jobs in the region, while the Early Researcher Awards have given out 822 awards to promising researchers early on in their careers.
Reza Moridi, minister of research and innovation, said: “Our capacity to compete globally depends on how well we can harness our research, innovation and entrepreneurial strengths. Through these investments, Ontario is mobilising and preparing our researchers to succeed, compete and create the jobs of the future.”
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