$26.4-million investment will expand research and foster innovation OTTAWA, Nov. 7, 2016 /CNW/ - The Government of Canada values the role of post-secondary institutions as they help equip young Canadians with the education and training they need for future careers that will help them join a strong, healthy middle class. Today's $26.4-million investment at Carleton University will do just that by fostering the training needed for the well-paying middle-class jobs of today and tomorrow. The funding was announced today by the Honourable Catherine McKenna, Minister of Environment and Climate Change, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, and by the Honourable Yasir Naqvi, MPP for Ottawa Centre. Canada'sInnovation Agenda aims to make this country a global centre for innovation—one that creates jobs, drives growth across all industries and improves the lives of all Canadians. This investment exemplifies that vision in action. The funding will be used for two projects at Carleton University that will support sustainability and green initiatives on campus. The first will support energy-efficient retrofitting and help create sustainable built environments across Carleton University. The second will help Carleton develop the Advanced Research and Innovation in Smart Environments (ARISE) project. ARISE is a collaborative infrastructure project that promises to bolster innovation in clean technology, health technology, and information and communication technologies. Federal-provincial investments in these projects include:
$22.5 million from the Government of Canada; and
$3.9 million from the Province of Ontario.
Carleton University is also providing $23.5 million, for a total investment from all parties of $49.9 million. In total, universities and colleges throughout Ontario will receive more than $1.9 billion from the Government of Canada, the provincial government, the institutions themselves and private donors. Federal funding will be allocated through the Post-Secondary Institutions Strategic Investment Fund, which will enhance and modernize research facilities on Canadian campuses and improve the environmental sustainability of these facilities. As a result of these investments, students, professors and researchers will work in state-of-the-art facilities that advance the country's best research. They will collaborate in specially designed spaces that support lifelong learning and skills training. They will work in close proximity with partners to turn discoveries into products or services. In the process, they will train for—and invent—the high-value jobs of the future. And their discoveries will plant the seeds for the next generation of innovators.