Canadian Government’s Open Innovation Cash Boost
It seems that everyday there’s news of some major open innovation success or project being given the green light. Today is no different.
NanoQuébec, a not-for-profit organization that supports nanotechnology innovation is to receive a large cash injection from the Canadian government to help it implement an important open innovation project.
Support for Innovation
The pilot program will last for 18 months and is aimed at generating technology transfers and strengthening ties between business and the research community. This in turn could contribute to sustainable economic growth in Quebec.
The program will also include a second test of the iNANO open innovation web platform. This is a portal for the submission of technical challenges to a large research community as well as being a forum for finding partners and developing collaborations.
“The collaborative projects set up through the platform will foster the development of innovations that will be a major competitive advantage for our businesses,” said Benoit Balmana, President and CEO of NanoQuébec.
To date, 120 challenges have been posted to the community by more than 70 companies. Most of those have been SMEs.
Turbo Charge Innovation and Competiveness
Ultimately, the aim of the pilot program is to transform knowledge and concepts into commercial applications and at the same time give a boost the competitiveness of Quebec’s small and medium-sized enterprises.
The financial assistance is a $171,000 non-repayable contribution that has been awarded through Canada Economic Development’s Quebec Economic Development Program.
For more details about the iNANO platform click here.
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