Ottawa introduces Innovation Supercluster Initiative

innovation superclustersThe federal government launched its Innovation Superclusters Initiative last month. It is calling on industry leaders to propose “superclusters” – sectors defined by a dense area of business activity containing a critical mass of large and small companies, post-secondary and other research institutions.

The Innovation Superclusters Initiative will invest up to $950 million between 2017–2022 to support business-led innovation superclusters with the greatest potential to energize the economy and become engines of growth. Through a small number of high-value, strategic investments this initiative will co-invest with industry in bold and ambitious proposals to strengthen Canada’s most promising clusters and build superclusters at scale.

This initiative is a first of its kind for Canada, fostering stronger connections—from large anchor firms to start-ups, from post-secondary institutions to research and government partners—and opening the door to new forms of industry partnership. It represents a significant commitment to partnering with industry and supporting the success of leading domestic and global companies that choose to innovate in Canada.

Learn more:

Toronto Star article →

Innovation Superclusters Program Guide →

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