The federal government will invest $20.6 million towards reinforcing innovation in the Canadian forest sector through the work of FPInnovations, a research organization focused on the forest products sector.
The federal government will invest $20.6 million towards reinforcing innovation in the Canadian forest sector through the work of FPInnovations, a research organization focused on the forest products sector.
The funding announced today will support 2015–2016 research by FPInnovations to help develop leading-edge technologies, processes and products in Canada’s forest industry.
Parliamentary Secretary Kelly Block made the announcement during her keynote address at the annual convention of the Ontario Forest Industries Association in Toronto on Feb. 25.
This new support is part of the government’s comprehensive strategy for enhancing innovation and competitiveness in Canada’s forest sector companies.
“We thank the federal government for [its] unrelenting support of the forest sector transformation agenda that has been at the center of many exciting technological advances realized by FPInnovations. As the forest sector invests in innovative new products and technology and pursues non-traditional markets, this support will help improve Canada’s competitiveness resulting in a stronger economy and more jobs,” said Pierre Lapointe, president and CEO of FPInnovations.
Canada’s forest sector contributed $19.8 billion to the country’s gross domestic product in 2013, directly employing an estimated 209,000 workers in all regions of the country.
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