Innovation minister Bains announces aerospace boost
October 13, 2016 By AIAC
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 and 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.