Government of Canada Supports Fifteen Innovative Partnerships in Southern Ontario

Thanks to new partnerships with Sheridan College, fifteen businesses in southern Ontario will have an opportunity to bring innovative products to market in industries such as information and communications technology, manufacturing, and health. Today, Terence Young, Member of Parliament for Oakville, on behalf of the Honourable Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), announced the agreements between the college and small- and medium-sized businesses.

"Our government is proud to support post-secondary institutions and small businesses in southern Ontario in their efforts to make innovation a driving force in the region's economy," said MP Young. "The partnerships between Sheridan College and fifteen businesses will lead to new ideas and products coming to the marketplace, stimulating business growth and job creation."

"Sheridan is proud to be working with industry to help drive innovation, productivity, job creation and economic growth," said Jeff Zabudsky, Ph.D. President and CEO, Sheridan College Institute of Technology and Advanced Learning. "We believe there is an unprecedented opportunity for industry to work together with academia and government to help shape the future of Canada's economy. By supporting these development projects, we are providing the tools businesses need to succeed and expand into promising new areas."

Last year, under the Applied Research and Commercialization Initiative, Sheridan College was approved for up to $750,000 from FedDev Ontario to partner with small- and medium-sized businesses on activities such as applied research, engineering design, technology development, product testing, and certification. The support provided will create new economic opportunities, help businesses in southern Ontario grow, and enable them to become even more innovative and competitive.

For more information on the Applied Research and Commercialization Initiative and Sheridan College's partners, please refer to the backgrounder.

Created in 2009, FedDev Ontario supports the southern Ontario economy by building on the region's strengths and creating opportunities for jobs and economic growth. The Agency has launched a number of initiatives to create a Southern Ontario Advantage and place the region in a strong position to compete in the global economy. These initiatives are designed to encourage partnerships and support projects that help the region's businesses and communities become more competitive, innovative and diversified. To learn more, please visit www.feddevontario.gc.ca or call 1-866-593-5505.

Read more: http://www.benzinga.com/pressreleases/11/11/m2138684/government-of-canada-supports-fifteen-innovative-partnerships-in-southe#ixzz1e3JJB5sk