Economic Development and Trade Minister Joseph Cordiano announced $8 million in funding, over four years, to create a new Centre of Excellence for Energy.
"The Centre of Excellence for Energy will further the government’s innovation agenda by encouraging research and development into leading edge and emerging energy sources and technology," Cordiano said. "This funding is part of the Ontario government’s $1.8 billion commitment to support research and commercialization to ensure our continued prosperity and maintain Ontario’s position as a leading innovation economy."
The new Centre of Excellence for Energy will help to:
– Explore options for viable, affordable long-term and environmentally-friendly energy supplies in Ontario
– Increase the number of high-value renewable energy jobs in Ontario and strengthen the industrial base
– Aid in research and development, and bring to market made-in-Ontario energy efficient solutions
– Foster linkages and networks among research institutions, business and energy industry experts.
The Centre of Excellence for Energy will operate as a division of the Ontario Centres of Excellence Inc. (OCE Inc.), a non-profit corporation established by the Ontario government in 1987 to support research excellence. The four other centres promote research in photonics, information technology, earth and space technology and materials and manufacturing.
The Ontario Centres of Excellence linked approximately 800 companies to nearly 4,000 academic researchers at more than 200 post-secondary institutions, and attracted $24 million in investments from the private sector in the year ending March 31, 2004.
The Centre of Excellence for Energy is expected to be in operation this spring.
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