3. At the heart of Canada’s aerospace cluster - fifth largest in the world
4. Access to key US Markets - within 500 miles of several key US clusters; New York City, Philadelphia, Boston, Washington DC
5. 75% of Canada’s aerospace employees are in close proximity – in Ontario East, other parts of Ontario and in neighbouring Quebec
6. Highly skilled labour force of 3,000 workers (estimate) Specialist education programming in aerospace and materials science
7. Research excellence in aerospace, space, materials science and future advanced manufacturing technologies
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11. Materials Science Key part of global OEMs/ Tier 1 company product development programs. Carleton, Ottawa, Queen’s and the nearby University of Ontario Institute of Science and Technology (UOIT) offer fifteen materials science engineering programs at Bachelor's, Masters and Doctorate level. Engineering A comprehensive range of Mechanical, electrical, and applicable technology, computer electronics and related science programs. Technical and Mechanical Programs Community colleges offer a range of mechanical, scientific and technical programs. Nearly 4,000 graduates and technicians annually, 14750 enrolled in relevant programs - emerging workforce (2009 data).
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14. Access the Brightest Research Minds MITACS Accelerate - national internship program connects companies with research expertise in universities. The Industrial Research Assistance Program (IRAP) helps SMEs meet technological challenges and build innovation capacity. Southern Ontario Advantage Program - Graduate Enterprise Internship - structured mentoring opportunities with SMEs.
15. R&D Support for Aerospace Industry Strategic Aerospace and Defence Initiative supports private sector industrial research and pre-competitive development (R & D). Further R&D incentive programs are available: The Innovation Demonstration Fund (IDF ) focuses on the commercialization and initial demonstration of globally competitive, innovative technologies, processes and/or products. Southern Ontario Advantage program – recent introductions Technology Development Program - financial support to encourage collaboration to develop large-scale, advanced technologies. Applied Research and Commercialization Initiative addresses gap between research and commercialization - encourage collaboration between SMEs and post-secondary institutions. R&D Tax Incentives
16. Eastern Ontario Support Programs Eastern Ontario Development Fund (EODF) – 15% of eligible project costs up to $1.5 million with matching funds contribution of 50 % of total project costs. Eastern Ontario Development Program (EODP) supports business and skills development, innovation and information communication technology, community capacity building, retention and attraction of youth, and access to capital. Other Funding Sources Southern Ontario Advantage Program Prosperity Initiative SMEs (under 1000 employees) - repayable contributions of up to 50% of direct eligible capital project costs. Up to 75% of direct eligible non-capital costs to a maximum of $20 million. The Canada Small Business Financing Program (CSBFP) share risk with financial institutions to help secure up to $500,000. Training and employment programs provide tax credits, subsidies, and summer jobs services.
17. Venture Support The Ontario Emerging Technologies Fund (OETF), a $250 million fund over five years, to co-invest alongside qualified Investors into innovative, high-growth companies. The Ontario Venture Capital Fund (OVCF) - joint initiative between the Government of Ontario and institutional investors to invest primarily in Ontario-based and Ontario-focused venture capital and growth equity funds to support innovative, high growth companies.
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Notes de l'éditeur
Offers many opportunities to potential partners and investors and provides a platform to grow