November 20, 2012
The following is being distributed at the request of the Research & Development Corporation:
RDC Announces Over $1.6 Million in R&D Funding to 18 Provincial Companies
Making working conditions safer for offshore employees, developing production efficiencies for the lumber industry and advancing healthcare technology are among the 18 business-led projects receiving more than $1.6 million in funding from the Research & Development Corporation of Newfoundland and Labrador (RDC).
RDC today announced investment support that will assist several provincial companies with research and development (R&D) projects in Newfoundland and Labrador's priority sectors such as natural resources, ocean technology, aquaculture, advanced manufacturing and information communications technology.
“Newfoundland and Labrador’s support for R&D is assisting these businesses to conduct leading-edge research that’s attracting international attention,” said the Honourable Keith Hutchings, Minister Responsible for Research & Development Corporation. “These companies are directly contributing to our economy, creating jobs and wealth, and further establishing Newfoundland and Labrador as a leader in R&D and innovation.”
Today’s investment is advancing projects led by companies throughout Newfoundland and Labrador, including:
ACAN Windows Inc.
AKAC Inc.
Blue Oceans Satellite Systems Inc.
ClearRick Inc.
Burton’s Cove Logging and Lumber Limited
EMSAT Corporation
Eastern Analytical Limited
FFT Labs Inc.
ExtremeOcean Innovations Inc.
Industrial Engineering and Automation Solutions Ltd.
Hyflodraulic Limited
Integrated Informatics Inc.
NL Research Technologies Inc.
Quinlan Brothers Limited
Newfoundland Cod Broodstock Company Inc.
St. Anthony Cold Storage Limited Sedna Nutraceuticals Inc.
Uncle Phil’s Think Tank Inc.
“By making strategic investments in R&D projects and capabilities, the Research & Development Corporation is helping businesses pursue new ideas, innovative technologies and opportunities that enhance Newfoundland and Labrador’s competitive advantage,” said Glenn Janes, CEO of RDC. “Supporting business-led R&D is a priority area for RDC investment.”
Today’s funding comes from two RDC programs designed to improve business-led R&D in Newfoundland and Labrador.
Both RDC programs provide funding to support companies as they increase
their R&D expenditures and develop leading-edge technologies. Programs
details are available online at www.rdc.org
.
An overview of the projects receiving funding from RDC is contained in
the backgrounder of this release, while more detailed project descriptions
are available online at www.rdc.org
.
The Research & Development Corporation is a provincial Crown corporation
responsible for improving Newfoundland and Labrador’s R&D performance. RDC
works with R&D stakeholders including business, academia and government
agencies and departments. In Budget 2012: People and Prosperity –
Responsible Investments for a Secure Future, RDC was allocated $19 million
to make strategic research and development related investments in people,
research opportunities and infrastructure. For more information about RDC,
go to www.rdc.org
.
- 30 -
Media contacts:
| Jeff Green Manager, Marketing & Communications Research & Development Corporation 709-758-0973, 691-8892 jeffsgreen@rdc.org |
Scott Barfoot Director of Communications Department of Innovation, Business and Rural Development 709-729-4570, 690-6290 scottbarfoot@gov.nl.ca |
BACKGROUNDER
Investments in Business-Led Research and Development
While RDC is investing a total of $1,669,699 in the following 18
Newfoundland and Labrador-based projects, the total project costs are
$3,467,295, co-funded by the business and other partner organizations.
R&D Vouchers
R&D Vouchers help companies augment their R&D capabilities with greater access to the expertise and facilities needed to support their R&D needs. The program’s investments of up to $15,000 per project support costs associated with access to specialized research personnel, research facilities and other R&D performers.
ACAN Windows Inc.
RDC’s investment is $11,250 of a total project cost of $15,000.
Eastern Analytical Limited
RDC’s investment is $15,000 of a total project cost of $25,000.
FFT Labs Inc.
RDC’s investment is $15,000 of a total project cost of $20,000.
Newfoundland Cod Broodstock Company Inc.
RDC’s investment is $15,000 of a total project cost of $21,060.
Sedna Nutraceuticals Inc.
RDC’s investment is $12,010 for a total project cost of $18,247.
St. Anthony Cold Storage Limited
RDC’s investment is $15,000 for a total project cost of $181,553.
Uncle Phil’s Think Tank Inc.
RDC’s investment is $9,750 for a total project cost of $13,000.
R&D Proof of Concept
R&D Proof of Concept helps companies strengthen their technical capacity, while reducing the financial risk of undertaking R&D activities through to proof of concept. The program’s investments of up to $250,000 per project also enable companies to respond quickly to market opportunities by developing and testing new or improved products, services and processes.
AKAC Inc.
RDC’s investment is $11,212 of a total project cost of $29,612.
Blue Oceans Satellite Systems Inc.
RDC’s investment is $241,959 for a total project cost of $457,109.
Burton’s Cove Logging and Lumber Limited
RDC’s investment is $122,100 for a total project cost of $190,309.
ClearRisk Inc.
RDC’s investment is $156,663 of a total project cost of $385,663.
EMSAT Corporation
RDC’s investment is $96,902 of a total project cost of $313,841.
ExtremeOcean Innovations Inc.
RDC’s investment is $111,800 of a total project cost of $172,000.
Hyflodraulic Limited
RDC’s investment is $123,437 of a total project cost of $176,850.
Industrial Engineering and Automation Solutions Ltd.
RDC’s investment is $202,815 for a total project cost of $341,681.
Integrated Informatics Inc.
RDC’s investment is $249,500 for a total project cost of $450,750.
NL Research Technologies Inc.
RDC’s investment is $249,081 for a total project cost of $640,620.
Quinlan Brothers Limited
RDC’s investment is $11,250 for a total project cost of $15,000.
2012 11 20 11:00 a.m.