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Networks of Centres of Excellence provides MaRS with new funding

The Networks of Centres of Excellence (NCE) has awarded Ontario-based MaRS Innovation $14.95 million in funding through the Centres of Excellence for Commercialization and Research (CECR) program.


February 7, 2013  


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The Networks of Centres of Excellence (NCE) has awarded Ontario-based MaRS Innovation $14.95 million in funding through the Centres of Excellence for Commercialization and Research (CECR) program.

MaRS Innovation (MI), created in 2008, bridges the chasm between these early-stage technologies and successful start-up companies and licensable technologies, a press release stated. 

“MaRS has a strong record of generating results for small and medium-sized companies by helping them realize the commercial potential of innovative Canadian ideas,” said Gary Goodyear, federal minister of state (science and technology).

To date, CECRs have helped launch 94 companies and leverage almost $270 million in partner contributions, or $1.85 for every dollar of CECR funding spent by the centres. Companies served by CECRs have created more than 3,600 jobs in the program’s first four years.

The CECR program is managed by the Networks of Centres of Excellence Secretariat on behalf of the three federal granting agencies– the Natural Sciences and Engineering Research Council (NSERC), the Canadian Institutes of Health Research (CIHR), and the Social Sciences and Humanities Research Council (SSHRC) — in partnership with Industry Canada and Health Canada.