AIAC commends Government’s commitment to R&D
Oct. 17, 2011, Ottawa - The Aerospace Industries Association of Canada (AIAC) is very pleased with the Minister's and Government's recognition that our nation's future depends on our capacity to innovate and commercialize.
"As one of Canada's largest investors in R&D, the aerospace industry is proud to add its voice to that of Minister Goodyear's in recognizing the need for sound, efficient R&D partnerships, policies and programs in order to create high-quality jobs for Canadians from coast-to-coast- to coast" said Jim Quick, President and CEO of AIAC.
More than 80,000 Canadians work hard at ensuring that Canada remains a world leader in aerospace. In addition, each year Canadian aerospace companies invest nearly $1.5 billion in R&D activities in Canada – a significant portion of which involves partnerships with Canadian universities.
Competitive R&D programs are essential for our industry – regardless of the size of businesses. "We are committed to maintaining and increasing our R&D intensity over the coming years and decades. This will allow us to take advantage of the outstanding growth potential of the global aerospace market over the next 20 years. This is why we look forward to the release of the Jenkins report on R&D support in Canada. We are optimistic that the report will present the Government with recommendations that will positively impact R&D investments in Canada" Mr. Quick concluded.
AIAC also take this opportunity to congratulate Energate for their excellence in R&D commercialization.