OTTAWA — The federal government will pump $950 million into five innovation “superclusters” spaced evenly across the country, promising the injection of cash will set up hubs of collaboration between researchers and industry players to position Canada to compete in the 21st-century global economy.
Innovation, Science and Economic Development Minister Navdeep Bains unveiled the recipients of the federal cash Thursday, predicting the establishment of the hubs of industry and research will grow Canada’s economy by $50 billion over the next decade and create more than “50,000 middle-class jobs.”
The money comes at the end of a national competition that Bains launched in May 2017, and will result in five superclusters being established across the country. The superclusters include a group based in Ontario, with key Toronto-based members such as the Mars Discovery District, which will focus on “advanced manufacturing.”
