News Item

Research and development across Atlantic Canada is benefiting from an important federal investment of $62.4 million under Round VII of the Atlantic Innovation Fund (AIF).

February 3, 2010 — via The Government Monitor

Memorial University of Newfoundland, Faculty of Engineering and Applied Science (St. John’s) Project: Responsive Autonomous Underwater Vehicle Localization and Mapping (REALM) Memorial’s Faculty of Engineering and Applied Science will integrate sonar and advanced navigation and adaptive mission control systems for its Autonomous Underwater Vehicle (AUV). The new technology will enable the AUV to perform high quality seabed surveys to focus on areas of interest, thereby reducing time, energy, cost, and risk of vehicle loss. This project, with estimated total costs of $4 million, will receive approximately $2.1 million from the Atlantic Innovation Fund over a four-year period.

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In Newfoundland and Labrador, a total of seven R&D projects, representing both private and public sector research, will benefit from $13.8 million in AIF support in this round. The announcement was made today in St. John’s by the Honourable Peter MacKay, Minister of National Defence, on behalf of the Honourable Keith Ashfield, Minister of National Revenue, Minister of the Atlantic Canada Opportunities Agency (ACOA) and Minister for the Atlantic Gateway.

“Productivity and innovation are key factors in Canada’s economic success,” said Minister MacKay. “The Atlantic Innovation Fund is an important catalyst for building research and development capacity in our region. This latest round of funding ensures that more research will continue to be undertaken, and more innovative ideas commercialized, so that Atlantic businesses continue to grow, adapt, diversify and become more competitive.”

Today’s announcement is part of a series of announcements highlighting 30 innovative R&D projects selected from across Atlantic Canada that will benefit from AIF support available under Round VII of the program. In addition, as the project proponents lever more funding for their research work from a variety of other private and public sector sources, the total value of the R&D investment generated in this round is expected to rise to nearly $112 million. The Fund has generated a measurable increase in investments in research and development in Atlantic Canada. Since 2006, every AIF dollar invested has leveraged an additional $1.26 in funding from other sources.

Projects selected for AIF funding in Newfoundland and Labrador include:

Memorial University of Newfoundland, Faculty of Engineering and Applied Science (St. John’s) Project: Responsive Autonomous Underwater Vehicle Localization and Mapping (REALM) Memorial’s Faculty of Engineering and Applied Science will integrate sonar and advanced navigation and adaptive mission control systems for its Autonomous Underwater Vehicle (AUV). The new technology will enable the AUV to perform high quality seabed surveys to focus on areas of interest, thereby reducing time, energy, cost, and risk of vehicle loss. This project, with estimated total costs of $4 million, will receive approximately $2.1 million from the Atlantic Innovation Fund over a four-year period.