Revitalizing the Canadian Photonics Fabrication CentreĬanada is a world leader in photonics, the technology of generating and harnessing the power of light.
This funding will also establish a secretariat at the Department of Innovation, Science and Economic Development to coordinate this work. The strategy will amplify Canada’s significant strength in quantum research grow our quantum-ready technologies, companies, and talent and solidify Canada’s global leadership in this area.
Budget 2021 proposes to provide $360 million over seven years, starting in 2021-22, to launch a National Quantum Strategy. But they need investments to be competitive in this fast growing global market. This emerging field will transform how we develop and design everything from life-saving drugs to next generation batteries, and Canadian scientists and entrepreneurs are well-positioned to take advantage of these opportunities. Quantum technology is at the very leading edge of science and innovation today, with enormous potential for commercialization. Budget 2021 proposes to provide $443.8 million over ten years, starting in 2021-22, in support of the Pan-Canadian Artificial Intelligence Strategy. By leveraging our position of strength, we can also ensure that Canadian values are embedded across widely used, global platforms. But these Canadian innovators need investment in order to ensure our economy takes advantage of the enormous growth opportunities ahead in this sector. Canada has communities of research, homegrown talent, and a diverse ecosystem of start-ups and scale-ups. Renewing the Pan-Canadian Artificial Intelligence StrategyĪrtificial intelligence is one of the greatest technological transformations of our age. Budget 2021 proposes to provide $500 million over five years, starting in 2021-22, and $100 million per year ongoing, to expand the Industrial Research Assistance Program to support up to 2,500 additional innovative small and medium-sized firms. For several decades, the National Research Council’s Industrial Research Assistance Program has provided expertise and capital and has helped business to scale up. But they need access to expertise and capital to grow. Building on the support for the Net Zero Accelerator announced in the strengthened climate plan, this funding would allow the government to provide up to $8 billion of support for projects that will help reduce domestic greenhouse gas emissions across the Canadian economy.Įxpanding the Industrial Research Assistance ProgramĬanada’s most innovative small and medium-sized businesses have an outsized impact on job creation and economic growth. Budget 2021 proposes to provide $5 billion over seven years (cash basis), starting in 2021-22, to the Net Zero Accelerator. 
By investing in decarbonizing large emitters, transforming key sectors-from steel and aluminium to cement-and accelerating the adoption of clean technology across the economy–for example, the auto and aerospace sectors–the Net Zero Accelerator will spur Canada’s shift to innovative net-zero technologies and attract the large-scale investments needed to meet our goal of net-zero by 2050. The Net Zero Accelerator, launched in the government’s strengthened climate plan last December, will help build and secure Canada’s clean industrial advantage. Accelerating Canada’s Net-zero Transformation Through Innovation It must be led by a growth strategy that builds on the unique competitive advantages of the Canadian economy, and make sure that Canada is well-positioned to meet the demands of the next century. It must be led by a growth strategy that builds on the unique competitive advantages of the Canadian economy, and make sure that Canada is well-positioned to meet the demands of the next century.Ī plan for a long-term recovery must look to challenges and opportunities that lie ahead in the years and decades to come. A plan for a long-term recovery must look to challenges and opportunities that lie ahead in the years and decades to come.
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