PROVINCE INVESTING IN ONTARIO-MADE RESEARCH AND INNOVATION AT MCMASTER UNIVERSITY
Accelerating Ontario’s economic growth through world-class research
Hamilton – The Ontario government is supporting Ontario-made innovation at McMaster University with an investment of $980,000 in 7 research projects. The funding is being delivered through the Early Researcher Awards project and supports researchers in making discoveries that advance knowledge, drive progress and create jobs for the people of Ontario.
“Cultivating research excellence and innovation are more important than ever as Ontario continues to respond to the impacts of COVID-19 and lays the groundwork for robust long-term economic growth,” said Jill Dunlop, Minister of Colleges and Universities. “These critical investments will ensure our world-class researchers have the technology and equipment to put Ontario at the forefront of innovation, supporting the development of homegrown ideas and products, and creating jobs in local communities.”
The funding will be used to cover the costs of research operations and infrastructure, including building, renovating and equipping research facilities with the latest technology, and supporting researchers to attract and retain research talent.
“Research and innovation are important drivers of Ontario’s economic growth, and through these investments, our government will ensure that our research activities and infrastructure continue to be competitive and attract the best and brightest talent to the province,” said Donna Skelly, MPP for Flamborough-Glanbrook “By supporting ground-breaking research at McMaster University, we can advance new discoveries and innovation, help foster a skilled labour force and promote new business opportunities in Hamilton.”
The government is investing over $500 million over the next 10 years to support additional high‐value research undertaken across Ontario’s universities, colleges, research institutes and research hospitals.
- Research projects were selected through a rigorous and competitive peer review process.
The Ontario Research Fund – College-Industry Innovation Fund helps cover the costs of building, renovating and equipping research facilities to promote partnerships between colleges and industry.
- Ontario Research Fund – Genomic Applications Partnership Program aims to advance genomics research and development.
- Early Researcher Awards provide funding to new researchers working at publicly funded Ontario research institutions to build a research team.
- The Ontario Research Fund supports new leading-edge, transformative, and internationally significant research at Ontario colleges, universities, research institutes and hospitals through multiple streams.
- On March 3, 2022, the Ontario government announced the launch of Intellectual Property Ontario, a new board-governed agency that will serve as a go-to resource for Intellectual Property (IP) expertise to help researchers and companies maximize the value of their IP, strengthen their capacity to grow and compete in the global market.
- As announced in the 2022 Ontario Budget: Ontario’s Plan to Build, the launch of Intellectual Property Ontario is being supported by an investment of about $58 million over three years.
- The launch of Intellectual Property Ontario is a significant milestone of the province’s Intellectual Property Action Plan.