Innovate Cities will receive $11.1 million to develop a Smart Cities Innovation Cluster aimed at using data in commercial, residential and public spaces to inform accessibility and energy efficiency. The Yves Landry Foundation will get up to $11 million for its initiative supporting companies adopting clean technologies. The University of Toronto will see up to $10 million to go toward the Southern Ontario Smart Computing Innovation Platform. Toronto Global, a non-profit, will receive up to $10 million for its work in attracting foreign investment to the Toronto region. The Ontario Bioscience Innovation Organization will receive up to $6.24 million to help scale up health-science companies and non-profit Palette will receive $5 million to support the manufacturing and communications sectors. (The Logic)
Talking point: The funding comes as the federal government prepares for the October election. Small Business Minister Mary Ng also announced on Tuesday that the government will be renewing its partnership with Futurpreneur Canada with a $38-million investment over five years. The announcements follow governments in Ontario and Alberta cutting and re-evaluating funding for innovation programs. In May, the Ford government cut funding to Communitech and MaRS Discovery District. It’s also cut funding to Ontario Centres of Excellence, resulting in the cancellation or early end of some 21 tech programs in the province. Alberta’s government has suspended several programs for the province’s tech sector. The federal Liberals, meanwhile, have made innovation funding a campaign issue, promising $200 million per year for the “Innovation Agenda” if re-elected.