The government is pouring in $950million, and the private sector will match the amount
More than 50,000 jobs over the next 10 years are expected to be generated by a $950 million investment from the government, which will be matched dollar for dollar by the private sector under the Innovation Superclusters Initiative.
The superclusters represent more than 450 businesses, 60 post-secondary institutions and 180 other participants in sectors that cover 78 percent of Canada’s economy – according to a report issued by Innovation, Science and Economic Development Canada.
“With the Superclusters Initiative, we bet on Canadians. We looked at what we did well across our great nation, and we asked industry, academia and NGOs how we could do it better,” said the minister for information, science and economic development, Navdeep Bains.
According to the release, the winning superclusters are:
Having women and under-represented groups is a priority for the superclusters. The initiative will also aim to transform regional economies and develop job-creating superclusters of innovation.
“Scientists in these fields and others can look forward to expanding their research horizons in partnership with their academic peers, businesses, entrepreneurs and members of the non-profit community," said Kirsty Duncan, minister of science and minister of sport and persons with disabilities.
“SCALE.AI will drive economic growth, create highly-skilled jobs and boost our talent pool, putting AI at the service of all Canadians," added Louis Roy and Hélène Desmarais, Co-Presidents, SCALE.AI Supercluster.