New cash for Ryerson research: McGuinty

The McGuinty government is investing $150,000 to help local researchers at Ryerson University, in Toronto Centre-Rosedale MPP George Smitherman announced today.

“Supporting the leading-edge research at Ryerson University is one way the McGuinty government is helping to foster an innovative economy in Ontario that is home to the best and brightest people,” Toronto Centre-Rosedale MPP George Smitherman said.

The government is providing a total of $3.9 million to 21 projects in the greater Toronto area, including McMaster University, University of Ontario Institute of Technology, Ryerson University, University of Toronto and York University.  

“Through the Ministry of Research and Innovation’s Ontario Research Fund, our government is doing its part to attract the best and brightest people and invest in advanced research facilities and equipment.” Toronto Centre-Rosedale MPP George Smitherman said.

Under the Ontario Research Fund – Research Infrastructure program, the government is investing close to $11 million to support 68 leading projects across the province. The initiative helps researchers obtain the tools they need to stay on the cutting-edge of innovation, including lab equipment, specimens and computer software.   

“We need to ensure that Ontario is nimble in the fast-paced global economy,” said Premier and Minister of Research and Innovation Dalton McGuinty. “Today, more than ever, our economic and social prosperity depends on our ability to compete and win in the marketplace.”

Investing in innovative research and development is the latest example of how the McGuinty government is working on the side of businesses and families to strengthen Ontario’s economy.

Other initiatives include:

• Introducing the $160 million Ideas to Market strategy to grow new start-ups and drive innovative discoveries rapidly from the lab to the marketplace
• Helping to generate almost $7 billion in automotive investments that retain and create thousands of high-value jobs
• Creating the Small Business Agency of Ontario to help reduce regulatory burdens on small and business and improve government and business interaction.

“We’re laying the foundation for generations of research talent to come,” McGuinty said. “Through sustained investments in the tools and facilities researchers need, Ontario will continue to be home to rewarding jobs, a strong economy and the best quality of life.”

Since 2003, investments in infrastructure, postsecondary education, research and innovation and key economic sectors have helped strengthen Ontario’s economic foundations and continue to build opportunity.