24 May Invest more than $1 million into the additive manufacturing
Promation invests more than $1 million into the Multi-Scale Additive Manufacturing Lab of the University of Waterloo, and Mark Zimny, the President of Promation, revealed his excitement of the growth of 3D Printing solution…
Minister Chagger announces $8.9 million investment in additive manufacturing innovation lab
FedDev Ontario support for new centre of excellence will create 88 jobs and 21 new technologies
May 24, 2017 – Waterloo, Ontario – Federal Economic Development Agency for Southern Ontario (FedDev Ontario)
For Canada’s manufacturing sector to remain competitive, manufacturers will need to adopt innovative new technologies, including additive manufacturing. To support this work, the Government of Canada is investing to make it easier for manufacturers to adopt additive metal manufacturing processes.
Today, the Honourable Bardish Chagger, Leader of the Government in the House of Commons, Minister of Small Business and Tourism and Member of Parliament for Waterloo, announced a new investment of up to $8.9 million for the University of Waterloo to establish the Multi-Scale Additive Manufacturing Lab.
The investment from the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) will support up to 18 new partnerships, help commercialize up to 21 advanced manufacturing technologies and create over 80 jobs.
Industry partners, spanning sectors such as aerospace, mining and automotive, will work to create solutions in 3D printing that will help manufacturers across Canada adopt new technologies and compete globally. It will also provide opportunities for students from the University to prepare for the manufacturing jobs of tomorrow.
“Promation is very excited about our investment into University of Waterloo talent to print our future in manufacturing. Promation is poised bring 3D Printing solutions to the industry at large on the basis of this emerging University of Waterloo technology.”
– Mark Zimny, President, Promation (Industry Partner)
– This non-repayable contribution, through FedDev Ontario’s Investing in Commercialization Partnerships Initiative, is leveraging up to $13.5 million, for total project costs of over $22 million.
– 3D printing is helping to make the manufacturing sector greener by producing less waste than traditional methods.
– The University of Waterloo is a leading Canadian post-secondary institution in additive manufacturing and has been working in this area since 2000. It has held the title of Canada’s most innovative university for 25 years.
– The University of Waterloo Multi-Scale Additive Manufacturing Lab will be Canada’s first major advanced manufacturing technology commercialization centre.
– Budget 2017 aims to enhance Canada’s global competitiveness by focusing on highly innovative industries such as advanced manufacturing. This project is an example of that vision in action.
– Over the next five years, Canada’s regional development agencies, including FedDev Ontario, will invest a total of $1.5 billion to strengthen innovation capacity in every region of the country.