Federal Government Supports Innovation With $10-million Investment in SOSCIP

Toronto, ON – Innovation, collaboration and advanced research computing received a big boost today as Marco Mendicino, Parliamentary Secretary to the Minister of Infrastructure and Communities and Member of Parliament for Eglinton—Lawrence, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for FedDev Ontario, announced a $10-million investment in SOSCIP. Based in Ontario, SOSCIP is unique as Canada’s only R&D consortium harnessing advanced computing to drive industry innovation. SOSCIP’s mission is to bring together industrial partners and academic researchers and provide them with advanced computing technologies and expertise to solve social, technical and business challenges.

The funding, which covers a three-year period, will be used to focus on a number of initiatives, all designed to build partnerships to foster industry adoption of transformative technology, commercialize innovative products, continue the development of a highly skilled workforce and foster job creation.

“FedDev Ontario’s generous investment will renew SOSCIP’s mandate for more than 400 additional collaborative projects,” said Vivek Goel, the vice-president, research and innovation, and strategic initiatives at the University of Toronto, and the co-chair of the SOSCIP board of directors. “It will allow us to leverage further investment by industry and directly contribute to the growth of innovative Canadian SMEs. This investment will further reinforce SOSCIP’s position as the leading research and development consortium harnessing advanced computing to drive industry innovation.”

During the next three years, SOSCIP will develop a “first-in-Canada” industry-led AI innovation platform, leveling the playing field for companies in southern Ontario wishing to compete in global markets and will:

  • Create 400 collaborative projects with SMEs looking to adopt AI and data science-driven technologies for their products and processes in such emerging sectors as business analytics, advanced manufacturing, and cybersecurity;
  • Provide training opportunities for at least 1,000 AI and data science-trained highly qualified personnel;
  • Drive the creation of 500 new jobs in southern Ontario; and
  • Deploy an equity, diversity and inclusion (EDI) plan to ensure women and other under- represented groups will benefit from and participate in the rapidly-growing and highly-strategic AI and data science economic sector.

“We make it possible for researchers to demonstrate how their technological advances are relevant commercially by forming a bridge between academia and industry,” says Tibor Turi, the consortium’s executive director. “As technology becomes an even greater part of our lives, we realize how valuable these collaborations are and we greatly appreciate that FedDev Ontario has the foresight to make this investment in the future.”

For information, contact:

Tibor Turi
Executive Director, SOSCIP
tibor.turi@soscip.org

 

Government of Canada announcement: FedDev Ontario announces major investment in six Toronto-based organizations

 

Background

Launched in 2012, SOSCIP is Canada’s only R&D consortium harnessing advanced research computing to drive industry innovation. SOSCIP’s mission is to bring together industrial partners and academic researchers and to provide them with sophisticated advanced computing technologies and expertise to solve social, technical, and business challenges across sectors and to drive economic growth. It provides industry partners and academic research teams access to leading-edge technology and technical expertise, while providing ongoing project support to ensure that its partners overcome obstacles over the course of a project. This recipe has fostered a reputation for excellence and a proven track record of success in innovation, while helping SOSCIP’s partners commercialize new products and services, improve business processes, increase sales, create new jobs and grow their companies.

SOSCIP consortium members include Carleton University, IBM Canada, McMaster University, OCAD University, Queen’s University, Ryerson University, Seneca College, University of Guelph, Ontario Tech University, University of Ottawa, University of Toronto, University of Waterloo, University of Windsor, Western University, Wilfrid Laurier University and York University.