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The Canadian federal government has officially announced the winners of the supercluster funding program, a program that hopes to create economic growth in a number of key industries.
The goal of the program is to create a Canadian version of Silicon Valley that will create innovation, research, and development across a number of sectors. The goal of the program is to create 50,000 new jobs across Canada.
“What is a supercluster? It is a made-in-Canada Silicon Valley that will create tens of thousands of jobs – that’s what a supercluster is,” Innovation Minister, Navdeep Bains said when announcing the winners.
“It’s about collaboration as well. Look at this room – we have academia, business, you have small business and large business, and we have government – working together, promoting collaboration, supporting our supply chains and also developing and nurturing skills and knowledge, and making sure that we pass that knowledge from one generation to another.”
Here are the 5 winning superclusters that will share the $950 million in funding:
How much each supercluster will receive in funding is yet to be determined. Bidding groups have also committed a combined $1.5 billion in funding.
The announcement of the winning superclusters is only the beginning of an extensive process. The investment in these superclusters means more jobs in these sectors across Canada. It provides job seekers with a strong idea of where job opportunities will exist in the coming years and in which regions.
Read more about the supercluster and job market in Canada. Check out these blogs:
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Bruce co-founded IQ PARTNERS in 2001 and currently operates as Managing Partner. His personal background includes hands-on management experience in sales, marketing and marketing services. He has built management teams for a wide variety of marketing, communications, media and technology companies. He has also participated in several M&A transactions for service-based companies and is frequently called upon as a resource in the planning and negotiation of such deals.