Atlantic Canada Opportunities Agency
Symbol of the Government of Canada
Share

Harper Government Invests in Innovative Projects Across Atlantic Canada through the Atlantic Innovation Fund

Projects part of federal government’s efforts to bring new business opportunities, export growth, and jobs to the region

July 08, 2014 - Dartmouth, N.S. – Atlantic Canada Opportunities Agency (ACOA)

The Honourable Rob Moore, Minister of State (Atlantic Canada Opportunities Agency), today announced that the Government of Canada is investing up to $43 million in highly innovative research and development (R&D) projects in Atlantic Canada through ACOA’s Atlantic Innovation Fund (AIF).

From technology to improve the performance of underwater sensors and new products to mitigate pest outbreaks in the forest industry, to software solutions to make fundraising campaigns more effective and new biomaterial to enhance chemotherapy and radiation therapy, the projects that will receive AIF funding are diverse, market-focused and hold significant potential for the region. These investments bring together businesses, universities and R&D organizations across Atlantic Canada to develop and bring to market new and innovative technologies and products, helping to boost the region’s innovation capacity and global competitiveness.

With a total project value of over $123 million, the projects announced today are expected to leverage an additional $80 million from a variety of private and public sector sources.

In Economic Action Plan 2014, the Government reaffirmed its commitment to increasing business innovation, productivity and competitiveness in Atlantic Canada. As part of this commitment, ACOA will contribute $450 million over the next five years to innovation projects in the region.

Minister Moore confirmed that details will soon be announced regarding important enhancements to ACOA’s overall innovation programming.

Quick Facts:

  • The AIF has been instrumental in helping move R&D from the lab to the marketplace. Since 2001, hundreds of technologies, products, processes and services developed through the AIF have been successfully commercialized, resulting in millions of dollars in incremental sales.
  • The AIF has encouraged the growth of key sectors like information technology, biotechnology and ocean technology in Atlantic Canada. It has also helped build the region’s R&D capacity, for example by attracting researchers and creating over 900 research partnerships and collaborations.
  • Since its inception, the AIF has committed $836 million in funding to 330 highly innovative R&D projects across Atlantic Canada, valued at $1.8 billion.
  • In its 2010 Budget, the Government of Canada made ACOA’s Atlantic Innovation Fund a permanent and ongoing program.

Quotes

“Our Government’s top priority continues to be creating jobs and long-term economic growth, and fostering innovation and commercialization are crucial to meeting these priorities. The projects we are announcing today will help bring new knowledge, new jobs and new business opportunities to all of Atlantic Canada. With these new Atlantic Innovation Fund investments, we are delivering on our Economic Action Plan 2014 commitment to increase business innovation, productivity and competitiveness in Atlantic Canada.”

- Honourable Rob Moore, Minister of State (Atlantic Canada Opportunities Agency)

Associated Links:

Contacts

Kelsie Corey
Director of Communications
Office of the Honourable Rob Moore
Atlantic Canada Opportunities Agency
613-941-7241
kelsie.corey@acoa-apeca.gc.ca


Jennifer Goostrey
Manager of Communications – Client Services
Atlantic Canada Opportunities Agency
506-229-0295
jennifer.goostrey@acoa-apeca.gc.ca

 

BACKGROUNDER
 
Projects selected for AIF investment in Nova Scotia, New Brunswick and Prince Edward include the following. Newfoundland and Labrador projects will be announced in the near future.

Nova Scotia

Capital District Health Authority (CDHA)
AIF funding will allow the Capital District Health Authority to develop push-button MRI diagnostics to ultimately improve diagnostic capabilities and aid in clinical decision making to improve patient outcomes. 
AIF Amount: $2,959,855

Contact: 
Dr. Patrick McGrath, VP of Research and Innovation
902-470-6511
Patrick.mcgrath@iwk.nshealth.ca


ABK Biomedical Incorporated
ABK Biomedical’s project will focus on the development and commercialization of new biomaterials that will simplify and enhance the delivery of chemotherapy and radiotherapy for patients.
AIF Amount: $2,140,000

Contact:  
Dr. Daniel Boyd, Chief Scientific Officer
902-877-0558
d.boyd@abkbiomedical.com


Dalhousie University

This project will help to improve the performance of underwater sensors and instrumentation by developing an innovative acoustic wireless modem that performs complex signal processing.
AIF Amount: $2,321,299

Contact:
Stephen Hartlen, Assistant Vice President & Executive Director
Industry Liaison and Innovation
902-494-3237 
Stephen.Hartlen@Dal.ca


Metamaterial Technologies Inc.

With AIF funding, Metamaterial Technologies Inc’s project will develop and commercialize a thin, transparent film that can be applied to the windscreens of airplanes in order to protect against cockpit laser illuminations.
AIF Amount: $3,000,000

Contact:  
Dr. George Palikaras, President and CEO
902-861-3239
george.palikaras@lamdaguard.com



New Brunswick

Forest Protection Ltd.
AIF funding will allow Forest Protection Limited to develop new products and techniques to intervene early in spruce budworm outbreaks in order to mitigate pest-related impacts on forest integrity, timber supply, and industry productivity.
AIF Amount:  $10,000,000

Contact : 
Dave Davies, Managing Director
506-457-8299


Enovex Technology Limited
Through this project, Enovex Technology Ltd. will develop an adsorbent material that produces nitrogen at lower costs compared to existing products in the industrial gas market.
AIF Amount: $2,319,554

Contact: 
Scott Walton, Chief Executive Officer
506-647-2715


Prince Edward Island

iWave
iWave will develop and commercialize a new software solution designed to provide an efficient and effective tool for prospecting and fundraising initiatives undertaken by non-profit organizations.
AIF Amount: $1,994,624

Contact:
Gerry Lawless, President and CEO
902-894-3012


Pan-Atlantic

Springboard Atlantic
With AIF funding, Springboard will continue its focus on programs and activities that help accelerate academic innovation, push technologies to market and attract industry demand for university research.
AIF Amount: $8,500,000

Contact :
Chris Mathis, President and CEO
902-476-1641
cmathis@springboardatlantic.ca

Related tags: