Canada Foundation for Innovation

Canada Foundation for Innovation

April 07, 2009 13:00 ET

Canadian Research Receives $26 Million for Cutting-Edge Research Infrastructure

GUELPH, ONTARIO--(Marketwire - April 7, 2009) - The Canada Foundation for Innovation (CFI) announced today $26 million in support for 117 projects in 29 Canadian research institutions, enabling 148 of the country's brightest researchers to conduct their cutting-edge research with world-class equipment and facilities.

This investment, under the CFI's Leaders Opportunity Fund (LOF), continues to support the innovative research infrastructure that helps stimulate the various sectors of our economy associated with such capital projects. It is estimated that every dollar invested directly in research yields more than $7 in economic benefits, including spin-off jobs.

The LOF program is designed to support Canada's quickly evolving research environment by giving Canadian universities the flexibility they need to attract and retain the world's finest researchers at a time of intense international competition for knowledge workers.

Dr. Eliot Phillipson, President and CEO of the CFI, joined the Honourable Gary Goodyear, Minister of State for Science and Technology, today at the University of Guelph in making the announcement.

"This investment reflects our government's commitment to research excellence," said the Honourable Gary Goodyear, Minister of State for Science and Technology. "The success of the CFI's LOF program is helping to improve Canada's research performance, and this funding will ensure that we continue to rank among the most innovative countries in the world."

"As primary drivers of our innovation economy, Canada's research universities are a vital part of ensuring the nation's economic recovery over both the short and long term, and these investments play a key role in furthering that work," said Dr. Phillipson.

In March, the CFI's Board of Directors approved a total investment of $26,712,283 following a rigorous merit-review process. This amount included:

- $20,559,448 awarded under the Leaders Opportunity Fund;

- $6,152,835 awarded under the Infrastructure Operating Fund, a complementary program designed to contribute to the incremental operating and maintenance costs of infrastructure projects funded by the CFI.

These investments provide researchers in Canada with the tools necessary to carry out a wide spectrum of innovative research, such as:

- Using new meteorological devices to gather data to help operators make more efficient wind farms (Universite de Moncton, Moncton, N.B.);

- Developing new magnetic contrasts agents for biomedical imaging research and applying nanotechnology to it (Universite Laval, Quebec);

- Improving the user experience in digital gaming and immersive environments for use in education (McMaster University, Hamilton, Ont.);

- Enhancing the quality of life for the elderly through new treatment options for type 2 diabetes (University of Alberta, Edmonton, Alta.);

- Establishing new therapeutic strategies for effective detection and treatment of diseases, such as cancer (University of British Columbia, Vancouver, B.C.).

For a complete list of the funded projects, please visit www.innovation.ca.

The Canada Foundation for Innovation (CFI) is an independent corporation created by the Government of Canada to fund research infrastructure. The CFI's mandate is to strengthen the capacity of Canadian universities, colleges, research hospitals, and non-profit research institutions to carry out world-class research and technology development that benefits Canadians. Since its creation in 1997, the CFI has committed almost $4.5 billion in support of more than 6,000 projects at 129 research institutions in 64 municipalities across Canada.

The CFI was recently named one of Canada's 50 Best Small and Medium Employers, 2009.

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LOF investment at a glance:

- Total: $26 million

- Institutions: 29

- Municipalities: 27

- Projects: 117

- Researchers supported: 148

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Contact Information

  • Canada Foundation for Innovation
    Yves Melanson
    Coordinator, Media Relations
    613-996-3160
    613-447-1723 (Cell.)
    yves.melanson@innovation.ca
    or
    Office of the Honourable Gary Goodyear
    Minister of State (Science and Technology)
    Gary Toft
    Director of Communications
    613-647-2956