Moncton, NB – Springboard Atlantic has received $8.5 million in funding to support its research commercialization activities in Atlantic Canada.
The not-for-profit organization was established seven years ago and provides resources to all 19 post-secondary institutions in the region to encourage transfer of knowledge to the private sector. It builds on the institutions’ existing commercialization efforts by filling gaps in support services and other resources.
“At Springboard, our fundamental belief is that research is what binds and strengthens the elements of economic development, giving ideas energy and new ventures confidence,” said Chris Mathis, Springboard’s executive director. “Bringing new ideas to the marketplace and competing successfully in a global economy takes skill, talent, and commitment, and this investment will enable Springboard and its member institutions to ensure that expertise is utilized and shared across Atlantic Canada’s university and college network, while further promoting commercialization and industry engagements across the region.”
Springboard says the funding will be used to increase industry engagement in the commercialization of research through workshops and networking events; increase member cooperation, including inter-institutional technology transfers; enhance institutional and central office accountability and transparency, and; increase promotion of its role in the region. The funding will also enable the creation of an Innovation Mobilization Program that will provide funding to support technology development, the implementation of marketing initiatives, the engagement of community partners on projects, and the support of start-up enterprises.