OTTAWA, ONTARIO--(Marketwired - Oct. 29, 2013) - The Canadian Urban Transit Association (CUTA) has released its new report: R&D and Innovation in the Canadian Transit Industry.
The report is the first thorough analysis of its kind, summarizing R&D activities and investments that play a key role in transit's success, and transit's contribution as an economic driver.
It also investigates the efficiency of government funding and support programs for transit-related R&D, and recommends ways for governments to better support and foster transit innovation.
"It is a valuable piece of guidance for strategic discussions and future action in funding, collaboration and innovation" explains Michael Roschlau, CUTA President and CEO.
Canadian innovation roots
With 70% of the North America urban transit bus market supplied by Canadian rooted companies, Canada is a world leader in transit technology. Major bus and train suppliers have research, development, design and production in Ontario, Quebec and Manitoba.
Collaboration enables innovation
Among transit suppliers, that conduct R&D and innovation activities, 60% collaborate with universities, research centres, public institutions or municipalities.
Increased demand, increased R&D and innovation
Over the last decade, Canada's transit industry has been developing, integrating and leveraging new technologies and processes. More than 80% of transit suppliers have increased their R&D and innovation budgets within the last three years, bringing new products to market and building Canada's economy through domestic sales and exports. Transit systems are using innovation and modernization to meet rising demand and deal with economic realities.
For more information and to view the Executive Report, please visit www.cutaactu.ca
CUTA is the collective and influential voice of public transportation in Canada, dedicated to being at the centre of urban mobility issues with all orders of government, and delivering the highest value to its members and the communities they serve. CUTA is the national association representing public transit systems, suppliers to the industry, government agencies, individuals and related organizations in Canada.