Industry Canada

Industry Canada

October 24, 2007 12:12 ET

Minister Prentice Discusses Research and Innovation With Presidents of Canada's Universities and Colleges

OTTAWA, ONTARIO--(Marketwire - Oct. 24, 2007) - The Honourable Jim Prentice, Minister of Industry, met today with the presidents of 80 of Canada's universities and degree-granting colleges at the annual meeting of the Association of Universities and Colleges of Canada (AUCC).

"Canada is a country with extraordinary potential to be a positive force in the world," said Minister Prentice. "Canada's universities and colleges have a significant role to play to ensure that the work of researchers in our universities is translated into tangible benefits for Canadians."

In May 2007, the Government of Canada announced the Science and Technology (S&T) Strategy, Mobilizing Science and Technology to Canada's Advantage, a multi-year framework designed to create a business environment that encourages the private sector to innovate and to guide intelligent, strategic investments of public funds.

The Strategy sets out three distinct Canadian advantages: an Entrepreneurial Advantage that encourages firms to be innovators; a Knowledge Advantage that puts Canadians at the international forefront of research and discovery; and a People Advantage that helps Canadians acquire the skills they need to participate in the knowledge-based economy. These advantages will enable researchers, innovators and businesses to improve Canada's productivity performance, create high-quality jobs and enhance Canadians' quality of life.

"Our S&T Strategy is aimed at getting the conditions right so that we, as a country, can get better at transforming discoveries into products that make a difference in people's lives, and turning knowledge into wealth," said Minister Prentice. "We must mobilize professors and students to pursue research excellence at nothing less than world standards, partner when appropriate to ensure that leading-edge knowledge is used to improve the standard of living and quality of life of Canadians and focus in areas of opportunity for Canada."

In Budget 2007 the Government of Canada announced $1.9 billion in funding for a number of the policy commitments in the S&T Strategy, almost all of which will go to support S&T-related activities at Canadian universities and community colleges.

For a complete transcript of Minister Prentice's remarks at the Association of Universities and Colleges of Canada annual meeting, visit

Contact Information

  • Minister of Industry
    Deirdra McCracken
    Press Secretary
    Office of the Honourable Jim Prentice
    Industry Canada
    Media Relations