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Canadian government launches new initiatives for southern Ontario
December 11, 2013 By Carey Fredericks
Dec. 11, 2013 – The Honourable Gary Goodyear, Minister of State for the Federal Economic
Development Agency for Southern Ontario (FedDev Ontario), today
launched the Southern Ontario Prosperity Initiatives (SOPIs), a new
suite of initiatives designed to support and develop a stronger, more
vibrant southern Ontario economy. The Minister made the announcement at
the Innovation 2013 Conference presented by the Alliance for
Commercialization of Canadian Technologies (ACCT), accompanied by Mark
Adler, Member of Parliament for York Centre.
Dec. 11, 2013 – The Honourable Gary Goodyear, Minister of State for the Federal Economic
Development Agency for Southern Ontario (FedDev Ontario), today
launched the Southern Ontario Prosperity Initiatives (SOPIs), a new
suite of initiatives designed to support and develop a stronger, more
vibrant southern Ontario economy. The Minister made the announcement at
the Innovation 2013 Conference presented by the Alliance for
Commercialization of Canadian Technologies (ACCT), accompanied by Mark
Adler, Member of Parliament for York Centre.
Our Government is committed to securing long-term
economic prosperity and to do so, we will continue to invest in
projects and companies where the return on our investment will be of
direct benefit to taxpayers and the country," said Minister Goodyear.
"The Southern Ontario Prosperity Initiatives mark the next phase of the FedDev Ontario's
focus on growing innovative businesses, building strong communities and
cultivating the most effective partnerships here in one of Canada's
most important economic hubs."
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| (Left to right): Minister Goodyear discusses the Government of Canada's support for innovation in the healthcare sector with Neil Fraser, President, Medtronic of Canada, and Dr. Anne Snowdon, Chair, International Centre for Health Innovation, Ivey Business School at Western University. Advertisement
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These initiatives, created based on feedback from business leaders
and stakeholders, build on FedDev Ontario's successes to-date and send a
clear message about the benefits of investing in a strong and
prosperous southern Ontario.
"Supporting the drivers of growth and job creation is a priority for
our Government," said MP Adler. "That is why we continue to put forth world-class programs and initiatives aimed at giving Canadians the tools they need to prosper."
The Southern Ontario Prosperity Initiatives are:
- Investing in Business Innovation
- Investing in Business Growth and Productivity
- Investing in Commercialization Partnerships
- Investing in Regional Diversification
Each of these initiatives is uniquely designed to help retain,
attract and grow businesses in southern Ontario to increase the region's
global competitiveness. Over $530 million in funding is available under
the SOPIs. See the backgrounders for more information.
"We are pleased to have Minister Goodyear speak at this year's
conference," said Janet Scholz, President, ACCT Canada. "Our theme this
year is ‘the changing landscape of partnerships and commercialization,'
and it is very clear that the work of FedDev Ontario—past and future—is in line with what we are trying to achieve for all of those in Canadian innovation."
"The Ontario Chamber of Commerce is Ontario's Business Advocate,"
said Allan O'Dette, President, Ontario Chamber of Commerce. "Our work
with FedDev Ontario
has proven to be beneficial for businesses in Ontario, and we look
forward to the next phase of programs and initiatives to support
economic growth in Ontario."
For more information
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