April 6, 2016 – Ottawa – Innovation, Science and Economic Development Canada
Canada’s post-secondary institutions are at the forefront of excellence in science, research and innovation. They help to train the workforce of tomorrow and create the knowledge and insights needed by the private and public sectors to build a clean, sustainable economy.
The Minister of Science, the Honourable Kirsty Duncan, today announced that the Government of Canada will launch the application process for a $2-billion fund that will improve research and innovation infrastructure at universities and colleges across the country.
Announced in Budget 2016, the Post-Secondary Institutions Strategic Investment Fund will enhance and modernize research facilities on Canadian campuses and improve the environmental sustainability of these facilities. Consultation with the provinces and territories as well as work to implement the initiative as quickly as possible are already under way.
The targeted, short-term investments under the Fund will promote economic activity across Canada and help Canada’s universities and colleges develop highly skilled workers, act as engines of discovery and collaborate on innovations that help Canadian companies compete and grow internationally.