McGuinty government supports automotive innovation



    Hamilton Researchers Receive Over $15 Million For Cutting-Edge Research

    HAMILTON, ON, March 7 /CNW/ - The McGuinty government is attracting
high-value jobs and new investment by supporting Hamilton researchers who are
exploring leading-edge auto manufacturing technology, announced Premier and
Minister of Research and Innovation Dalton McGuinty.
    "Prosperity in the 21st century is all about investing in the skills,
knowledge and creativity of our people," said Premier McGuinty. "By enabling
world-class research to be done right here in Ontario, our government is doing
its part to attract top researchers, create better jobs and spark new economic
investment."
    The government is providing over $15 million to support the Hamilton
Initiative for Automotive Manufacturing Innovation, led by David Wilkinson at
McMaster University.
    The investment will help develop new technologies for producing
lighter-weight, more cost-competitive cars. This will help strengthen
Ontario's future as a leading auto and auto parts manufacturer, and create
highly skilled jobs. The funding will leverage matching investments from 26
partners in industry and other fields.
    Today's announcement is the first in a series of investments through the
Ontario Research Fund's Research Excellence program. Under the first round of
investments, the government is providing $115 million to support research
across the province.
    The Ontario Research Fund promotes scientific excellence by supporting
research that can be developed into innovative goods and services that will
boost Ontario's economy.
    Investing in research and development is the latest example of how the
McGuinty government is working on the side of businesses and families to
strengthen Ontario's economy.
    Other initiatives include:

    
    -   Introducing the $160-million Ideas to Market strategy to grow new
        start-ups and drive innovative discoveries from the lab to the
        marketplace
    -   Helping to generate over $7 billion in automotive investments that
        retain and create thousands of high-value jobs
    -   Creating the Small Business Agency of Ontario to help reduce
        regulatory burdens on small business and improve government and
        business interaction.

    "We're laying the foundation for generations of research talent to come,"
said Premier McGuinty. "By investing in our people and their ideas, we'll
continue creating the culture of innovation that will make Ontario a global
leader in the knowledge economy."
    For more information about the Ontario Research Fund, please visit
www.ontario.ca/innovation.

    Disponible en français


                           www.ontario.ca/premier
                               www.fairness.ca
    




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For further information: Premier's Media Office, (416) 314-8975

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