Government of Canada invests $1.4 billion to strengthen research and innovation across Canada
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November 14, 2024 – The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, today announced that the Government of Canada is investing $1.4 billion over the next five years to strengthen research and innovation across the country.
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This investment will support the creation of new jobs, the growth of Canadian businesses, and the development of new technologies that will benefit all Canadians.
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The funding will be used to support a range of initiatives, including:
- The Canada Foundation for Innovation (CFI): $900 million to support research infrastructure at universities, colleges, and hospitals across Canada.
- The Natural Sciences and Engineering Research Council of Canada (NSERC): $250 million to support research in the natural sciences and engineering.
- The Social Sciences and Humanities Research Council of Canada (SSHRC): $150 million to support research in the social sciences and humanities.
- The Canadian Institutes of Health Research (CIHR): $100 million to support research in health and biomedical sciences.
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This investment is part of the Government of Canada’s Innovation and Skills Plan, which is designed to help Canada become a global leader in innovation.
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“This investment will help Canada to remain at the forefront of research and innovation,” said Minister Champagne. “It will create jobs, grow businesses, and improve the lives of all Canadians.”
Quotes:
- “This investment is a down payment on Canada’s future,” said Prime Minister Justin Trudeau. “By investing in research and innovation, we are investing in the jobs and industries of tomorrow.”
- “This investment will help to create a more prosperous and innovative Canada,” said Navdeep Bains, Minister of Economic Development and Official Languages. “It will help to attract and retain the best and brightest minds from around the world.”
- “This investment will help to strengthen Canada’s research and innovation ecosystem,” said Dr. Roseann O’Reilly Runte, President of the Canada Foundation for Innovation. “It will provide researchers with the tools and resources they need to make groundbreaking discoveries.”
- “This investment will help to support the next generation of researchers,” said Dr. Ted Hewitt, President of the Natural Sciences and Engineering Research Council of Canada. “It will provide them with the training and experience they need to become leaders in their fields.”
- “This investment will help to advance research in the social sciences and humanities,” said Dr. Marc Weinstein, President of the Social Sciences and Humanities Research Council of Canada. “It will provide researchers with the resources they need to explore the complex challenges facing our society.”
- “This investment will help to improve the health and well-being of Canadians,” said Dr. Michael J. Strong, President of the Canadian Institutes of Health Research. “It will provide researchers with the resources they need to develop new treatments and cures for diseases.”
Government of Canada is strengthening research and innovation across Canada
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