The Government of Canada has launched the application process for a new $2B fund that will improve research and innovation infrastructure at universities and colleges across the country.
The Post-Secondary Institutions Strategic Investment Fund was first announced in Budget 2016.
The Fund will enhance and modernize research facilities on Canadian campuses and improve the environmental sustainability of these facilities.
Consultation with the provinces and territories as well as work to implement the initiative as quickly as possible are already under way.
The targeted, short-term investments under the Fund will promote economic activity across Canada and help Canada’s universities and colleges develop highly skilled workers, act as engines of discovery and collaborate on innovations that help Canadian companies compete and grow internationally.
The Fund will cover up to 50% of eligible project costs.
The program will support projects that: improve the scale or quality of facilities for research and innovation, including commercialization spaces; improve the scale or quality of facilities for specialized training at colleges focused on industry needs; or improve the environmental sustainability of research- and innovation-related infrastructure at post-secondary institutions and of college training infrastructure.
Applications are due by May 9.