2017 Federal Budget: CARIC Applauds Canada’s Stance on Innovation

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Montreal, March 23, 2017 – The Consortium for Aerospace Research and Innovation in Canada (CARIC) applauds the government’s intention of better supporting Canada’s innovators by creating a new platform led by CARIC’s funding partner, Innovation, Science and Economic Development Canada.

Innovation Canada will coordinate and simplify the support available to Canada’s innovators, which CARIC, through its activities in aerospace, facilitates every day. CARIC agrees with the Aerospace Industries Association of Canada (AIAC) position: the aerospace industry is well positioned to seize new opportunities, namely in advanced manufacturing, clean technology, artificial intelligence and the digital industry.

Moreover, CARIC applauds the government’s $950 million, five-year contribution in support of business-led innovation “superclusters” that have the potential to accelerate economic growth.

These investments, to be provided on a competitive basis, will be attributed to superclusters in highly innovative industries that improve global competitiveness. The government’s commitment to the growth of collaborative research is a clear signal that Canada is involved in the development of a strong foundation for innovation; partnerships are clearly a priority.

“Canada has greatly encouraged CARIC’s efforts in the strengthening of a network of innovators. There are opportunities to seize,” stated Denis Faubert, CARIC President & CEO.

 

read full budget 2017

 

About CARIC

The Consortium for Aerospace Research and Innovation in Canada (CARIC) is a non-profit organization established with the Government of Canada’s financial support. Its mission is to foster the collaboration of researchers in aerospace, universities, colleges and research centres, and support initiatives that promote impactful, responsive aerospace R&D.

 

Information

Flavie Côté
Director, Communications
Consortium for Aerospace Research and Innovation in Canada
514-313-7561 x234
flave.cote@caric.aero