Minister of State for Science and Technology Gary Goodyear yesterday announced an extension to the successful FedDev Applied Research and Commercialization Initiative. This is welcome news to businesses in southern Ontario who wish to partner with college, universities and polytechnics on business innovation. The announcement comes on the same day as Bank of Canada Governor Mark Carney urged businesses to increase investment in productivity. This follows the recent launch of the Federal R&D Review which has recommended stronger supports for business innovation, as well as the launch of the Digital Technology Adoption Pilot Program (DTAPP). DTAPP is an initiative being launched by the National Research Council aimed at aiding business investment in productivity-improving technology. As Carney says, it is time for Canadian businesses to step up. Accessing the many programs supporting business innovation and partnering with colleges and polytechnics on applied research and innovation will aid the economy.
George Brown College, like our counterparts, is open for business innovation.
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