StarBuzz Weekly, Toronto-HAMILTON, ONTARIO--(Marketwire - Aug. 24, 2011) - University researchers and the automotive industry will now come together to develop "green" automotive technologies, thanks to a new investment by the Government of Canada. The Honourable Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), announced the funding at McMaster's Innovation Park. Minister Goodyear was accompanied by David Sweet, Member of Parliament for Ancaster-Dundas-Flamborough-Westdale.
"Our government is committed to making sure the people, businesses and communities of southern Ontario have the tools they need to succeed," said Minister of State Goodyear. "This investment will not only create jobs but help build an automotive resource centre putting southern Ontario at the forefront in the development of green automotive technologies."
Through FedDev Ontario's Prosperity Initiative, McMaster University will receive up to $11.5 million to create the McMaster Automotive Resource Centre (MARC) for the research and development of innovations such as hybrid and electric powertrains, batteries and lightweight materials. The resulting collaboration between businesses, manufacturers, parts suppliers, and researchers will meet the growing demand for green and efficient automotive models. Once completed, the McMaster Automotive Resource Centre is expected to employ approximately 120 to 150 workers from the private, public and academic sectors and will provide training opportunities for highly qualified personnel that this sector requires.
"I am very pleased to see that with this support, our region will become more competitive and known for its leading-edge automotive technology," said MP Sweet. "Our government recognizes the importance of investing in businesses and post-secondary institutions so that southern Ontario can expand into promising new markets."
The Prosperity Initiative is a direct result of feedback from business leaders, academics and community leaders from across southern Ontario, who suggested FedDev Ontario take a leadership role in bolstering innovation and economic growth in our region.
FedDev Ontario was created as part of Canada's Economic Action Plan to support businesses and communities in southern Ontario. Now in its third year of operation, the Agency has launched a number of initiatives to create a Southern Ontario Advantage and place the region in a strong position to compete in the global economy. These initiatives are designed to support businesses and other organizations through partnerships and investments in skills and training; innovation; research and development; and increased productivity.
To learn more, please visit http://www.feddevontario.gc.ca/
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