ST. JOHN'S, Sept. 30, 2013 /CNW/ - The Research & Development
Corporation of Newfoundland and Labrador (RDC) is investing $3.7
million in Memorial University to support 34 academic-led research
projects aimed at solving technical challenges and closing knowledge
gaps. The research is being conducted in a range of areas, including
natural resource industries, manufacturing and health and life
sciences. These projects have secured additional investments totalling
$6.3 million through federal funding, private sector investment and
"Investment in academic research provides the groundwork to enhance
opportunities here in Newfoundland and Labrador," said the Honourable
Keith Hutchings, Minister Responsible for RDC. "Memorial University has
consistently been a strong contributor to new knowledge and innovation.
Investments like this can lead directly to long term economic benefits
to the province."
Researchers from Memorial's Fisheries and Marine Institute, Grenfell
Campus and St. John's campus received support for their projects. On
the St. John's campus, the research is taking place within the Faculty
of Medicine, School of Pharmacy, Faculty of Engineering and Applied
Science and the Faculty of Science.
"Research drives innovation, which drives a strong knowledge- and
technology-based economy," said Glenn Janes, CEO, RDC. "By investing in
highly-qualified researchers at Memorial University and focusing on
research that is relevant to the province, we are building a foundation
for future economic prosperity. The resulting R&D capacity will
position Newfoundland and Labrador to leverage other funding sources
and foster business-academic collaboration."
Funding is distributed through four of RDC's academic programs, designed
to strengthen institutional R&D capacity through supporting
business-academic collaboration, providing funding for new researchers
and by leveraging against other funding sources.
"The Research and Development Corporation is one of Memorial's strongest
allies," said Dr. Gary Kachanoski, president and vice-chancellor,
Memorial University. "Its support for our researchers and students
fosters the creation of new knowledge that helps Memorial continue to
serve the public good in our communities and beyond."
Collaborative funding partners for these projects include Bombardier
Inc., Canadian Foundation for Innovation, Canadian Institutes for
Health Research, Canada Research Chairs, Hibernia Management and
Development Company Ltd., Geological Survey of Newfoundland and
Labrador, the College of the North Atlantic, Ocean Choice
International, Dalhousie University, UniversitÉ Laval, Fisheries and
Oceans Canada, NL Geological Survey, Silver Spruce Resources Inc., and