SHERBROOKE, QUEBEC--(Marketwired - Oct. 6, 2016) - Canada Economic Development for Quebec Regions (CED)
By supporting the implementation of ultramodern learning, research and manufacturing facilities, the Government of Canada is providing businesses with access to leading-edge resources that help them commercialize their products more quickly. Institutions such as these are also fostering the emergence of the next generation of innovators and entrepreneurs, thus helping the Canadian economy to remain competitive on global markets.
For the 2016 open house at 3IT, Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED, announced that the Université de Sherbrooke has been granted $2,824,960 in financial assistance so that the Institute can acquire equipment to build new technology and knowledge transfer capacities, particularly in the microelectronics, telecommunications, energy, surface transportation, aerospace and multimedia sectors.
The funding awarded as a non-repayable contribution under CED's Quebec Economic Development Program (QEDP) will enable 3IT to provide new specialized services for applied research, which will help Quebec SMEs in various industry sectors speed up the development of their innovative products and processes.
By March 2018, 3IT will be able to transfer knowledge to approximately 100 SMEs, more than 20 of which will be undertaking research and development (R&D) projects, in order to increase their competitiveness. At the same time, some 75 university students will take part in R&D projects, creating a pool of highly skilled labour for businesses in many industry sectors in Quebec.
"The Government of Canada is committed to supporting innovation and showcasing its role, which is to encourage new investments and tomorrow's economic growth. By supporting the 3IT project, we are facilitating the development of innovative technologies and processes that will benefit Quebec businesses."
The Honourable Navdeep Bains, Minister responsible for CED
"At the Interdisciplinary Institute for Technological Innovation (3IT), scientists and industry players are working together through the use of technologically advanced infrastructure. All the components of a complete innovation chain that is unique in North America are thus brought together under one roof, from design to market, to produce tangible benefits for partners. CED's contribution helps us continue to drive and showcase the socially and economically responsible innovative practices of university and industrial researchers."
Richard Arès, Director General of the Interdisciplinary Institute for Technological Innovation (3IT)
For further information on the QEDP: http://www.dec-ced.gc.ca/eng/programs/qedp/index.html
3IT website: https://www.usherbrooke.ca/3it/english/home/
Follow CED on Twitter @CanEconDev