ANNOUNCEMENT 26 Oct 2018
This investment was made through Canada’s Strategic Innovation Fund, which aims to accelerate economic growth, strengthen and expand the role of Canadian firms in regional and global supply chains, support economic strategies, and attract investment.
NUMBER OF INTERVENTIONS
On October 26, 2018 the Government of Canada announced a Can.$49.3 million (U.S.$37.2 million) subsidy to General Fusion to develop a large-scale prototype plant for commercializing electricity from fusion energy.
This investment is being made through the Strategic Innovation Fund, a program that is “designed to attract and support high-quality business investments across all sectors of the economy by encouraging R&D that will accelerate the transfer of technology and the commercialization of innovative products, processes and services and will facilitate the growth of innovative firms.”