Automotive Innovation Receives Further Funding for R & D

By: BeneFACTMarketing in Uncategorized

March 14th, 2013

R & D, Car IndustryLate last month, the Government of Canada announced its plan to provide over $11 million in funding toward specific R & D projects in the automotive sector, with most funding being supplied by Automotive Partnership Canada. Minister of State (Science & Technology), Honourable Gary Goodyear appeared at the University of Waterloo to make the announcement. Other funds will be coming from various supporters including Honda R & D, Magna and Ontario Ministry of Research and Innovation.

R & D Projects

The idea of “Going Green” is not only on the minds of the general public, but is also being taken very seriously by those in automotive research. It was announced that the projects covered by this current round of funding will include upgrades affecting the environment (as well as general safety of vehicles). The industry itself has identified certain areas requiring attention. These R & D initiatives include:

The automotive industry has been receiving quite the push from the Canadian Government recently. This most current round of funding comes just on the heels of the announcement regarding the Automotive Funds Renewal. The automotive sector makes up 12% of the country’s manufacturing GDP – a pretty large slice of the pie. The hope is that these initiatives will make vehicles not only safer, but will also help create more jobs for Canadians.

To learn more about this newest endeavor, read the official press release at Government of Canada website.