Government invests $49M in new aerospace innovation ecosystem
Ecosystem will conduct research, accelerate the commercialization of products and create highly skilled jobs
The federal government is making an investment of up to $49 million under the Strategic Innovation Fund—National Ecosystems in the Aerospace Industries Association of Canada.
The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development said
The announcement was made by Canada’s Minister of Innovation, Science and Economic Development, Navdeep Bains’ during his visit to the 2019 International Paris Air Show, where he is leading a delegation of 420 representatives from more than 140 Canadian aerospace companies.
A number of leading companies are in attendance at the Paris Air Show, including Airbus Canada Limited Partnership, Bell, Bombardier, CAE, CMC Esterline, Héroux-Devtek, IMP Aerospace, Mitsubishi Heavy Industries Canada Aerospace, Pratt & Whitney Canada, Safran Landing Systems and Viking Air.
As part of his efforts to promote Canada as an investment destination for global companies, Minister Bains met with leaders from national and international aerospace and space companies, highlighting the Government’s commitment to the aerospace and space industries through the Innovation and Skills Plan, a multi-year strategy to create well-paying jobs for the middle class.