McGuinty Government Supports Innovation In Eastern Ontario



    Queen's University To Establish New Centre For Biomaterials Research

    KINGSTON, ON, June 12 /CNW/ - Ontario Premier Dalton McGuinty today
announced that the government is building a stronger, greener economy by
providing a one-time grant to support a new research centre at Queen's
University.
    "Students, faculty and researchers at Queen's University are helping to
make Ontario the place to be when it comes to research and innovation," said
Premier McGuinty. "We're proud to partner with them to find newer, cleaner
technologies that will build a stronger economy and more prosperity for
families in eastern Ontario."
    The Province is providing $21 million to Queen's University, which is
working with the private sector to build an advanced research and innovation
centre specializing in bioprocessing and biomaterials.
    "Queen's is one of Canada's leading research-intensive universities,"
said Dr. Karen Hitchcock, Principal and Vice-Chancellor of Queen's University.
"The centre will serve as a regional hub for research and innovation, bringing
together scientists from industry and academia to collaborate on bio-products
research and get new technologies to market, faster."
    "This provincial funding will support partnerships among universities,
colleges, governments and the private sector, as well as the advanced training
of highly qualified people", said John Gerretsen, MPP. "It will ensure Queen's
capacity to sustain its reputation for research excellence in green materials
and technologies."

    Supporting world-class research and innovation at Queen's University is
the latest way the McGuinty government is working with Ontarians to achieve
economic results for families. Other measures include:

    
    -  Investing nearly $1.7 billion over five years in programs focused on
       research and bringing new ideas to market
    -  Providing $6.2 billion over five years in postsecondary education and
       training so Ontarians can continue to compete and win in the
       knowledge-based economy
    -  Creating a $90-million Venture Capital Fund to invest in Ontario-based
       innovative firms in partnership with venture capital funds, pension
       funds and the federal government.
    

    "To succeed in today's economy, we need to build a culture of innovation
in every sector and in every corner of our province," said Premier McGuinty.
"By investing in research and innovation in Kingston, we can turn homegrown
ideas into homegrown jobs and build prosperity for all Ontario families."

    
    Disponible en français

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




For further information:

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

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