ANNOUNCEMENT 11 Oct 2016

The Federal government provided a subsidy under the Technology Demonstration Program, which is designed to encourage early-stage R&D and promote collaborative efforts among firms, universities, and research institutions.

 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 11 Oct 2016 | Removal date: open ended

Financial grant

On October 11, 2016 the government of Canada announced a subsidy of up to Can.$54 million (U.S.$42 million) to be shared by a consortium of 15 companies and academic institutions. The consortium is led by Bombardier Inc., a Canadian aerospace and transportation company. Among the other companies that make up the consortium are Rolls-Royce, Thales, OPAL-RT, Quaternion Aerospace, FusiA, Liebherr, Axis, and Microturbo (Safran). The funding, under the Technology Demonstration Program, will promote the consortium’s development of electric systems and advanced aerodynamic systems that will make aircraft more energy efficient, reliable and quieter. The funding, according to a press release, “will support a critical stage of the research-and-development cycle in an export-driven sector that has an impressive track record of innovations.”

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