Southern Ontario SMEs to get product dev assistance
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The federal government announced that the University of Western Ontario will receive $750,000 to partner with small- and medium-sized enterprises in southern Ontario on activities such as applied research, engineering design, technology development, product testing and certification.
The award is part of the larger $15-million Applied Research and Commercialization Initiative, which is designed to bridge the gap between research and commercialization between Ontario’s post-secondary academic institutions and small- and medium-sized enterprises. The University of Western Ontario, University of Waterloo and University of Guelph, as well as Queen’s University and Conestoga College, have also received similar funding in recent weeks.
The initiative is administered by FedDev Ontario, a federal agency created as part of Canada’s Economic Action Plan to support businesses and communities in southern Ontario. In its second year, the federal agency is launching a number of initiatives designed to support businesses and other organizations through partnerships and investments in skills and training; innovation; research and development; and increased productivity.