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Friday, March 5, 2010

Canadian Budget Promises Innovation Money For Research With Profit Potential

The Canadian government's budget for 2010 includes $200 million in funding for practical research. "The federal government plans to boost Canadian productivity by increasing investments in scientific research and innovation – measures that in the long term are intended to drag Canada out of its pool of red ink." says the Globe and Mail. “These investments will help create clusters of great new jobs on the frontiers of knowledge,” Finance Minister Jim Flaherty told the House of Commons.

Claiming a victory in the budget is the Association of Canadian Community Colleges after a $30 million was directed at research conducted in community colleges, “This is a real recognition of the work we do.” said James Knight, association's president.

Good news!