SUDBURY – As the Ontario government prepares its spring 2016 budget submission, Cambrian College is among the 24 community colleges calling for a $30-million investment in a competitive multi-year fund for colleges to lead applied research projects that produce innovative, market-driven solutions to industrial and business challenges.
“Investment in applied research partnerships that pair Ontario’s colleges with businesses and organizations enhance innovation and create the jobs of the future,” said Cambrian College President Bill Best.
“Colleges have the physical and human resources needed to help Ontario businesses innovate,” Best continued. “Right now, only three percent of Ontario businesses perform any research, mainly because of time and cost constraints. But, with competitive access to new provincial funds, colleges and industry partners could combine more resources to boost innovation and economic growth in Ontario. By producing innovative products and introducing new processes and methods across a range of industries, applied research projects help businesses become more competitive in global markets, enhancing the provincial economy.”
Cambrian College’s applied research division, Cambrian Innovates, has leveraged grants from federal and provincial funding partners to conduct applied research projects with businesses across a range of sectors, including: mining, information technology, health and environmental services. Projects rely on students and faculty experts, who work with business clients to design, test, and refine new products, technologies, and processes. Other projects involve enhancing e-business marketing, branding, and online sales for small- to medium-sized enterprises. These efforts boost sales and employment locally and globally, and support future investment in innovation.
Cambrian College is a leader in research and innovation in the north, ranked 34th among Canada’s top research colleges byResearch Infosource. The College earned $1.56 million in research income last year. Cambrian Innovates has 57 industry partners and has completed 61 projects since 2009, engaging 150 students and 33 faculty members in research and innovation efforts.
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