FedDev Ontario announces $10M for McMaster University’s iHub
by CM Staff
$10 million to establish McMaster University’s iHub to support more than 230 SMEs to commercialize new technologies for next-generation automotive and aerospace sectors.
HAMILTON — On June 14, Filomena Tassi, Minister of Labour and Member of Parliament for Hamilton West–Ancaster–Dundas, announced a $10-million FedDev Ontario investment for McMaster University to establish iHub, a university-based integrated automotive, aerospace and advanced manufacturing network. The announcement was made on behalf of the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for FedDev Ontario.
iHub, located at the McMaster Innovation Park, will hope to bring together industry experts at state-of-the-art facilities to support manufacturers, automotive and aerospace suppliers and SMEs to develop, test and incorporate the latest technologies required for the production of next-generation electric and autonomous vehicles and energy-efficient and intelligent aircrafts. iHub will then connect participants with large automotive and aerospace manufacturers that require these solutions, expanding opportunities for local suppliers from across southern Ontario to integrate into these global supply chains.
The project hopes to support more than 230 SMEs, spanning the automotive corridor from Windsor to Oshawa, to facilitate the commercialization of 100 new products or services, support up to 170 direct jobs and leverage $16.8 million from industry partners including Ford, Honda, Bombardier, Stellantis (Fiat Chrysler), Mitsubishi Heavy Industries and De Havilland. iHub will also provide direct industry training of at least 200 high-quality personnel in SMEs looking to join global aerospace and automotive value chains.
This project will enhance Ontario’s position as a global destination to develop, test and commercialize hybrid, electric and autonomous vehicles and intelligent aircraft technologies while accelerating the path to net zero emissions. iHub will provide access to expertise and resources in electrification in southern Ontario to support the shift to electrification, encouraging investments in expertise to be made domestically. As we work towards recovery from the global pandemic, protecting our environment and continuing to innovate while creating good jobs is essential to creating a brighter, healthier future for all Canadians.
“McMaster University has a successful track record of partnering with industry and we’re grateful for the opportunity to advance our work with Canadian manufacturers in automotive and aerospace electrification through iHub. This investment from FedDev Ontario will help iHub achieve great things by connecting our manufacturers and SMEs, providing training and access to technology, and commercializing new products.” said David Farrar, President and Vice-Chancellor, McMaster University.