Province to invest over $53.5 million to boost innovation in 2018-1925 April 2018
SAINT JOHN (GNB) – The provincial government today announced it is investing over $53.5 million to foster innovation and boost research and development in New Brunswick this fiscal year. Treasury Board President Roger Melanson made the announcement on behalf of Premier Brian Gallant, who is the minister responsible for innovation, while releasing the government’s new innovation agenda.
“Your government recognizes the importance of fostering an innovative, competitive and entrepreneurial spirit across communities and within our economy,” said Melanson. “This investment and the new innovation agenda support our multi-year economic growth plan to grow the economy and create job opportunities for New Brunswickers by building on the strength of our highly skilled workforce, world-class education system, and internationally recognized research community.”
The New Brunswick Innovation Agenda outlines the role the provincial government will play in fostering an innovative economy, from stimulating early stage research and creativity to ensuring that business-driven innovation is a core component of government strategy moving forward.
“The desire for innovation is within our citizens. It is within our civil service, within our teachers and students, and within our businesses,” said David Alston, New Brunswick’s chief entrepreneur in residence. “It is awesome to see more resources being invested in these areas to inspire the next generation of innovators and entrepreneurs.”
The innovation agenda outlines six pillars which focus on fostering an innovative culture in the province. The pillars include:
- Grow Innovators
- Boost R&D Capacity
- Commercialize, Start and Scale Enterprises
- Foster Innovation Spaces
- Lead the Cybersecurity Agenda in Canada
- Become a Smart Province
“As an owner of a technology company and co-founder of a co-working and innovation space we see firsthand the effects of these initiatives,” said Doug Jenkins, president of iSpire and ConnexionWorks. “Our province has a history of innovation, brilliant people and exceptional skills. Support in fostering innovation with our people has a major impact on growth for both new and mature businesses in New Brunswick. At ConnexionWorks and iSpire, we have an impact on many of these pillars and we look forward to seeing how further partnership with the government can help improve our ability to grow innovation in the province.”
The fourth annual Innovation Week will take place in New Brunswick from April 29 to May 5, with events and activities to celebrate the culture of innovation in the province. For more information, visit www.innovationweeknb.ca.