VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/21/13 -- The Honourable Gary Goodyear, Minister of State (Science and Technology), visited Vancouver's Recon Instruments today, where he announced a $35-million investment by the Harper Government in Mitacs, a national, not-for-profit research organization. The funding, which is part of Economic Action Plan 2012, supports industrial research and development (R&D) internships for graduate students and post-doctoral fellows.
"Collaboration between business and academia is essential to leveraging Canada's research strengths and seizing market-driven opportunities," said Minister of State Goodyear. "By investing in Mitacs, our government is increasing knowledge transfer between universities and businesses, encouraging companies to increase their investments in R&D, and enabling graduate students to gain practical experience in successfully innovating in Canada's business sector."
Through its Accelerate internship program, Mitacs (mitacs.ca) helps businesses gain a competitive advantage by tapping into the talents and expertise of graduate students and post-doctoral fellows. It also provides students with valuable experience in applying their advanced training in the private sector. This newest investment will enable Mitacs to support industrial R&D activities at 1,200 companies through an additional 4,800 Accelerate internships delivered over a five-year period, beginning this year.
Recon Instruments (reconinstruments.com) is a Vancouver-based company that designs and creates mobile devices and technologies for use in action sports. The company has co-funded several Mitacs-Accelerate internships.
Since 2006, the Harper Government has invested nearly $8 billion in new initiatives supporting science, technology and the growth of innovative firms in Canada, including $5 billion for advanced research, education and training; $2 billion for post-secondary infrastructure; and $1 billion for applied research and financing. This funding has helped to make Canada a world leader in post-secondary education research and to create the knowledge and highly skilled workforce that are required for a prosperous economy.
For more information on the Government of Canada's science and technology initiatives, visit the Science and Technology for Canadians website (science.gc.ca).
Director of Communications
Office of the Honourable Gary Goodyear
Minister of State (Science and Technology)
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