Governments Announce Support for New Innovation Centre
The federal and provincial government has announced $9.6 million in joint funding to establish an Innovation Centre for remote operations.
This new space will serve as a hub for some of the province’s greatest homegrown technology talent, capabilities and companies.
Multiple sectors and communities in the province will benefit, including technology, energy, healthcare, mining, ocean, aquaculture and fisheries.
The Government of Newfoundland and Labrador is providing $7.1 million over six years through the Innovation and Business Development Fund. The Government of Canada, through the Atlantic Canada Opportunities Agency, is contributing $2.5 million over the next three years towards the Innovation Centre.
The Innovation Centre for remote operations will be located at 710 Torbay Rd in St. John’s, which was previously leased by RONA.