Natural Sciences and Engineering Research Council of Canada (NSERC)

Natural Sciences and Engineering Research Council of Canada (NSERC)

October 24, 2005 12:16 ET

NSERC Releases 2005 Edition of Research Means Business

OTTAWA, ONTARIO--(CCNMatthews - Oct. 24, 2005) - The Natural Sciences and Engineering Research Council (NSERC) today released the 2005 edition of Research Means Business, a directory of new Canadian companies built upon university research funded by NSERC.

The directory lists 141 companies, which employ nearly 13,000
Canadians and generate more than $3.5 billion in annual sales. Other
key statistics about the companies include:
- nearly 30 of the firms are listed on public stock exchanges, with a
collective market capitalization of $10 billion;
- six firms have a market capitalization of more than $500 million;
- seven firms are among the top 100 R&D spenders in Canada.

Ten universities account for 98 of the 141 companies:

- University of British Columbia - 17
- University of Toronto - 14
- University of Waterloo - 14
- University of Alberta - 12
- University of Calgary - 8
- Universite de Sherbrooke - 8
- Queen's University - 7
- Universite Laval - 6
- University of Saskatchewan - 6
- Simon Fraser University - 6

"The exciting new companies profiled in this publication show how the commercialization of new ideas delivers wealth and jobs to Canadians," said Nigel Lloyd, NSERC's Executive Vice-President and Chief Operating Officer. "These companies are the product of the cutting edge research found in this country's universities and NSERC is proud to have played a role in supporting this research."

The 141 companies have headquarters across Canada in nearly all provinces, with almost three-quarters of these companies located in Ontario, Quebec and British Columbia. The highest revenues and the highest number of employees are found in companies located in British Columbia, Ontario and Alberta.

The Research Means Business directory is available on line at or by calling NSERC at (613) 996-3078.

NSERC is a federal agency whose role is to make investments in people, discovery and innovation for the benefit of all Canadians. With an annual budget of more than $860 million, the agency supports more than 22,000 university students and postdoctoral fellows in their advanced studies. NSERC promotes discovery by funding more than 10,000 university professors every year and fosters innovation by encouraging more than 600 Canadian companies to participate and invest in university research projects.

The NSERC news team can quickly put you in touch with leading-edge researchers working on a broad range of studies and projects. Interested media can visit and also subscribe to regular e-bulletins containing breaking research news and feature ideas.

Contact Information

  • NSERC Newsbureau
    Michael Dwyer
    Media and Public Affairs Officer
    (613) 992-9001
    Cell: (613) 794-9170