Federal Investment in Research Spurs Growth and Innovation

MONCTON, NEW BRUNSWICK--(Marketwire - Sept. 1, 2011) - Industrial activities, such as developing coatings to reduce wear and increase the service life of parts used in the automobile industry and the production and accumulation of carbon compounds derived from photosynthetic activity, are two of the projects that will benefit from new investments in research infrastructure by the Government of Canada.

The Honourable Bernard Valcourt, Minister of State (Atlantic Canada Opportunities Agency) (La Francophonie), today announced new funding in researchers and universities across Canada to provide them with the cutting-edge equipment and facilities to be the best in the world and stay the best in the world. This funding from the Canada Foundation for Innovation (CFI) will support leading-edge research and recognizes the importance of knowledge and innovation in today's global economy.

"Our government is investing in science and technology to create jobs, improve the quality of life of Canadians and strengthen the economy," said Minister of State Valcourt. "This investment will make sure that our scientists have the tools they need to be successful and help Canada develop, attract and retain the world's best researchers."

This investment of more than $220,000 through the CFI's Leaders Opportunity Fund will support two projects, one at the Université de Moncton and one at the University of New Brunswick. The project at the Université de Moncton of will focus on the development and study of tools to test the resistance of coatings on automotive parts.

Getting more from research investments

The Canada Foundation for Innovation will invest $53 million to create the knowledge, solutions and new products and services that Canada needs to compete globally. This investment, made under the CFI's Leaders Opportunity Fund, will support 207 projects at 42 Canadian research institutions across Canada. These projects will deliver real results that improve the health, well-being and security of Canadian families, communities and businesses.

The CFI's funding is awarded through a rigorous, objective, merit-based funding competition process. A full list of the funded projects is available on the CFI website (www.innovation.ca/en).

Created by the Government of Canada in 1997, the Canada Foundation for Innovation builds our nation's capacity to undertake world-class research and technology development to benefit Canadians through investments in state-of-the-art facilities and equipment in universities, colleges, research hospitals and non-profit research institutions.