Last week, the Canadian Minister of Science announced a CAD $900 million ($682.3 million) investment to 13 postsecondary academic institutions, allocated through the Canada First Research Excellence Fund. The Fund, part of the government’s 2014 Economic Action Plan, provides funding to academic institutions with the aim to strengthen their efforts to become established as international research leaders. Funding is allocated through a competitive procedure among academic institutions, which is judged by scientific experts in Canada and abroad. Historically, the Fund has invested approximately CAD $200 million a year, marking this latest investment a milestone. The Fund invests in 13 initiatives, including programs focusing on brain research, future energy sources, alternative carbon resources, quantum technologies, and ocean and clean water solutions.

Source: Government of Canada

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