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Government reveals who is getting $950M in 'supercluster' funding

Government reveals who is getting $950M in 'supercluster' funding
From Global News - February 15, 2018

OTTAWAInnovation Minister Navdeep Bains has named five technology groups that will each get a piece of up to $950 million in what the government calls its superclusters initiative, a high-tech collaboration strategy aimed at fostering growth and creating jobs.

The supercluster concept is designed to bring together small, medium-sized and large companies, academic institutions and not-for-profit organizations to generate forward-looking,job-creating ideas and innovation.

What is a supercluster? It is a made-in-Canada Silicon Valleythat will create tens of thousands of jobsthats what a supercluster is, Bains said Thursday as he unveiled the winners inOttawa.

Its about collaboration as well. Look at this roomwe have academia, business, you have small business and large business, and we have governmentworking together, promoting collaboration,supporting our supply chains and also developing and nurturing skills and knowledge and making sure that we pass that knowledge
from one generation to another.

READ MORE:Ottawa names Atlantic consortium as first of nine shortlisted superclusters

The government is planning on not only a stronger, innovation-driven economy as a result of the initiative, but at least more than 50,000 jobs, he added.

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