NGen receives additional $177M investment from Government of Canada CanadiansInvest
HAMILTON- Next Generation Manufacturing Canada , the industry-led organization behind Canada’s Global Innovation Cluster for Advanced Manufacturing is pleased to announce an investment of $177 Million from the Government of Canada. Budget 2022 confirmed Canada’s commitment to the clusters, with an additional investment of $750 million through to 2028, to support the further growth and development of Canada’s Global Innovation Clusters.
The Global Innovation Clusters program was launched as a new approach to innovation, through co-investment with industry to build accelerated, strong ecosystems that will take innovators further, faster through collaboration. This unique model has proven successful at creating stronger ecosystems, de-risking adoption of technology, maximizing the value of intellectual property, and forging new partnerships that increase firms’ market potential.
With renewed funding, NGen will leverage Canada’s research, technology and manufacturing strengths to develop, scale up, and commercialize transformative solutions in advanced manufacturing. Future NGen funding calls will focus specifically on opportunities across the zero emission vehicle value chain, the decarbonization of manufacturing processes and circular manufacturing of materials, and other strategic, world leading advanced manufacturing initiatives.
“This investment from the Government of Canada is a vote of confidence in our ability to deliver world-leading solutions in advanced manufacturing,” said Jayson Myers, CEO, NGen.
NGen is the industry-led not-for-profit organization that leads Canada’s Global Innovation Cluster for Advanced Manufacturing. Its mandate is to help build world-leading advanced manufacturing capabilities in Canada for the benefit of Canadians.
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