Feds launch contest for $950M ‘supercluster’ plan aimed at creating jobs, growth
OTTAWA — The Trudeau government is opening the competition for its $950-million “supercluster” program that aims to bring together industry and academia as a way to lift the innovation economy.
Economic Development Minister Navdeep Bains is adding new details about deadlines and qualifying criteria for a five-year initiative central to the feds’ innovation program.
Bains says the goal of the plan is to have government bring together postsecondary institutions and businesses to help develop new technologies, boost growth and create jobs in different parts of the country.
He says the first deadline to submit a letter of intent is July 21 and up to five bids from industry-led consortia will eventually be selected by the end of the fiscal year to receive a portion of the federal funding.
The government is expecting the public investment to be matched dollar-for-dollar by the winning partnerships.
Bains is looking for ambitious bids that also include intellectual property strategies designed to retain benefits for Canada.
A plan to invest in clusters was first announced in the 2015 Liberal election platform. The government has added additional details to the initiative in each of its two budgets.