Greater Montréal gets biggest investment from Canada First Research Excellence Fund

September 14, 2016

Montréal International (MI) welcomes the announcement made by the Honourable Marie-Claude Bibeau, Minister of International Development and La Francophonie, granting $213,187,000 in funding over seven years to Montréal area universities. Montréal gets 24% of the $900 million awarded to 13 postsecondary institutions in Canada from the Canada First Research Excellence Fund. As illustrated in the graph below, this significant contribution once again proves that Greater Montréal is Canada’s university capital.

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Montréal is a leader in university research, well-known for its advances in big data, medical technologies and neuroscience. No wonder that some of the university initiatives selected for funding have been submitted by IVADO, an alliance between Université de Montréal, Polytechnique Montréal and HEC Montréal, which proposes a strategy for exploring artificial intelligence and big data. What’s more, the first-ever Profile of the Big Data Industry in Québec, available on our website, was prepared by MI earlier this year:

The investment will allow Polytechnique Montréal to launch its Montréal TransMedTech (MT2) Institute initiative, which seeks to shape the future of diagnosis/prognosis, intervention, and medical technologies. McGill University will be using the funding for its Healthy Brains for Healthy Lives initiative to improve brain health in Canada and around the world.

Such large-scale projects will not only strengthen Greater Montréal’s leadership in these innovative sectors but also drive economic growth in the region. By further developing its scientific expertise, Montréal will attract new skilled talent to the region, forge many new research partnerships and thereby attract and retain foreign companies in leading-edge sectors. This is great news in terms of enhancing Greater Montréal’s business attractiveness and competitiveness around the world.

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