Trinovation: Triple your investment in technology innovation to $75K with FedDev project funding

TORONTO, Feb. 24 /CNW/ - Centennial College's Applied Research and Innovation Centre (ARIC) is inviting proposals from southern Ontario businesses to partner with the college on innovative technology and development projects valued at $75,000 each. Small and medium-sized businesses related to mobile computing or green energy are welcome to apply.

Opportunities for 10 joint projects in a pre-commercialization stage are being offered with funding from the federal government's FedDev Ontario program. Funding details will be communicated at Trinovation, an industry-college partnership and networking event on Thursday, March 3, 8:00 am to 12:00 pm at the Centennial College Conference Centre, 940 Progress Avenue in Toronto.

FedDev Ontario has granted Centennial project funds to drive innovation in products, services and processes, and to help southern Ontario businesses get them to market faster. For each project, FedDev provides $50,000 to cover Centennial's contribution of faculty and students with technical and applied research know-how, materials and supplies, and lab and testing facilities. The business partner is asked to invest $25,000, either in cash or in-kind goods and services. FedDev tops up business investment for a total project value of $75,000.

"Businesses need fast and effective solutions to compete in the global marketplace," says Trish Dryden, Associate Vice President, Research and Corporate Planning, Centennial College. "Access to Centennial faculty and students' ingenuity and know-how helps SMEs successfully innovate and then accelerate their ideas to market." 

ARIC at Centennial College is at the forefront in successful partnerships with industry in ICT wireless, energy and sustainable development. Successes include an iPhone app for bioinformatics, and testing of a wireless distributed energy technology to monitor and smooth out peak loads on energy-output devices in commercial buildings. Centennial's expertise for such partnerships originates in the School of Engineering Technology and Applied Science, and the Centennial Energy Institute.

FedDev projects may include trying out a new product or process by a pilot or 'proof of concept;' testing and certifying new and enhanced offerings; designing and developing new technologies; and applying research to problem solving. FedDev funding can provide highly qualified professionals to work with staff to take a business concept one critical step closer to market.

To register for the Trinovation event, March 3: http://winapp.centennialcollege.ca/calendar/evntdetails.aspx?eid=8370&cg=COLT

SOURCE Centennial College

For further information:

Stacey Shipwright, ARIC, sshipwright@centennialcollege.ca


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