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Concordia to create innovation hub with government funding

DCN News Services
Concordia to create innovation hub with government funding

MONTREAL — The Government of Canada and the Government of Quebec have announced spending of $36.75 million on biomedical infrastructure projects at Concordia University in Montreal.

Concordia will use the funding to establish a new applied research and innovation hub focused on the biomedical field, bioproducts and nanomaterials, notes a media statement issued earlier this month.

The intention in part is to encourage projects with commercial potential for Concordia’s current and future industrial partners, notes the release.

Federal funding is allocated through the Post-Secondary Institutions Strategic Investment Fund, established to develop research facilities on Canadian campuses and improve the environmental sustainability of these facilities.

The Government of Quebec’s contribution is part of the Quebec Infrastructure Plan.

A total of $52.75 million is being invested in the project.

The Government of Canada is providing $20.63 million, the provincial government is allocating $16.12 million and Concordia and other partners will spend $16 million.

In total, universities and colleges throughout Quebec will receive nearly $1.1 billion from the Government of Canada, the provincial government, the institutions themselves and private donors, indicates the release.

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