11 business-led projects to get more than $1.3 million in funding from the Research & Development Corporation of Newfoundland & Labrador (RDC).
"With an increasingly diversified economy continuing to outpace growth in other regions around North America, Newfoundland and Labrador continues to earn a reputation as a place where business growth and innovation is encouraged," said the Honourable Keith Hutchings, Minister Responsible for RDC. "The Provincial Government is committed to providing these companies and others with the business opportunities and programs they need to bring their products to markets anywhere in the world."
RDC works with businesses, providing funding to assist with research and development (R&D) activities focused on improving Newfoundland and Labrador's R&D performance.
The investment program fosters business R&D in Newfoundland and Labrador focusing on key sectors including oil and gas, fisheries, information technology and ocean technologies. The funding supports innovative projects being led by the following 11 companies: Lotek Wireless Inc., NorCan Pozzolan AS, Afinin Labs Inc., Firecraft Products Inc., Oceans Limited, Technip Canada Limited, Triumph Atlantic, Verafin Inc., Virtual Marine Technology Inc., Whitecap Scientific Corporation and WYSE Design & Development Inc.
"Investing in R&D projects led by Newfoundland and Labrador's business sector is a key priority for the Research & Development Corporation," said Glenn Janes, Chief Executive Officer of RDC. "Through our support businesses are developing new technologies and skills that strengthen R&D and create jobs."
The Research & Development Corporation is a provincial Crown corporation responsible for improving Newfoundland and Labrador's R&D performance. RDC works with R&D stakeholders including business, academia and government agencies and departments.