Canada commits $30 M to aerospace innovation

August 13, 2014

The federal government has announced that it will provide $30 M over 5 years to the Consortium for Aerospace Research and Innovation in Canada (CARIC). The industry-led network, which launched in April, aims to strengthen research relationships between industry, academia, and research institutes in Canada by funding collaborative aerospace projects. “The relative importance of the aerospace industry to the Canadian economy is second to none in the world. CARIC will be instrumental in pulling together the resources of the aerospace R&D community across Canada to maintain the leadership of our industry despite tough competition worldwide,” said CARIC President Denis Faubert. Canadian Minister of Industry James Moore added, “this industry-led network will enhance the global competitiveness of the Canadian aerospace industry by bringing together key players from industry and academia and funding collaborative research and technology development projects to move our industry forward.” Canada News Release