Innovation Minister Navdeep Bains announces aerospace funding of up to $54 millionOctober 11, 2016
Ottawa (Ontario), October 11, 2016 – Today the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, announced an investment of up to $54 million in a consortium of 15 Canadian companies and academic institutions that will develop cutting-edge electric systems and advanced aerodynamic systems.
The funding will be delivered under the Technology Demonstration Program, which supports collaborative research and early stage, large-scale projects that develop next-generation aerospace technology. The consortium will be led by Bombardier; its partners are Rolls-Royce, Thales, Microturbo (Safran), Liebherr, OPAL-RT, Quaternion Aerospace, FusiA, Axis, the University of Victoria, Ryerson University, the University of Toronto, McGill University, National Research Council Canada, and Polytechnique Montréal.
Jim Quick, President & CEO of the Aerospace Industries Association of Canada (AIAC), released the following statement in response to the announcement:
On behalf of AIAC’s Board and members, I congratulate Bombardier and its consortium partners on this important initiative. Canada’s aerospace industry is a national innovation leader, contributing 30% of all Canadian manufacturing investments into R&D – $1.9 billion in 2015 alone. Thanks to the government’s support, our industry will continue to lead the way in creating high value, innovation-focused jobs that contribute to the greening of global aviation and strengthen Canada’s economy, our middle class, and our reputation as a global aerospace leader. Our industry applauds Minister Bains and the government for their leadership on this important issue and looks forward to working with the government on a strong Innovation Agenda in the weeks and months ahead.
AIAC is the national association representing Canada’s aerospace manufacturing and services sector. As the world’s fifth-largest aerospace industry, Canada’s aerospace sector contributes over $28B to the economy in GDP, exports 80% of its output, and dedicates over 20% of its activity to research and development (R&D). Aerospace is responsible for the employment of 211,000 Canadians.
Director of Communications
Aerospace Industries Association of Canada
613 232-4297 x225