Ontario colleges benefit from $13 million in research funding

by | Feb 17, 2018 | Biz/Tech, Campus News, Headlines

Reza Moridi, minister for research, announced the new Colleges Applied Research and Development Fund at Sheridan College on Feb. 6. (Twitter/@OCEinnovation)

Norma Zminkowska
Queens Park Reporter

Ontario colleges will receive more than $13 million for research and development projects, the minister for research, innovation and science said at a public announcement.

Minister Reza Moridi, who spoke at Sheridan College on Feb. 6, said the province will support 61 projects for students at 22 colleges. The projects will give students the opportunity to work with businesses in solving development challenges and creating innovative products and services, he said.

“Investing in applied research and development is a step towards a brighter and more prosperous future for our province,” Moridi said. “By bringing together colleges and the research and development sector, we’re creating opportunities for our students and ensuring they are ready for the jobs of tomorrow.”

The Colleges Applied Research and Development Fund, managed by the Ontario Centres of Excellence, will fund the projects, Moridi said.

“This fund is one of the many ways the Ontario government and Ontario Centres of Excellence are preparing our communities for the jobs of the future,” President and CEO of Ontario Centres of Excellence (OCE) Tom Corr said at the announcement.

Sheridan College will receive over $1.2 million for three projects, Moridi said. It’s yet unclear how much and what kind of projects Humber College will receive. The Ontario Centres of Excellence couldn’t be reached for further comment.

The Ontario Centres of Excellence published a report last September stating Humber will get just under $330,000 for the 2017-2018 year. Humber received more than $1.96 million from the OCE in 2016-2017.

That doesn’t include the recently announced funding through the Colleges Applied Research and Development Fund.

The fund, announced in January 2017, is a $20 million investment and offers programs in the automotive and technology industries, among others.