SAINT-HUBERT, Quebec, Sept. 5 (UPI) -- The Canadian government has started a new program to fund technology demonstrations in the defense and aerospace sectors.
The Technology Demonstration Program, part of the government's economic action plan, was announced this week by Minister for Industry James Moore.
"Canada's aerospace and defense industries make important contributions to our economy, support high-skilled jobs across the country, and are leading investors in research and development," he said. "Our government is proud to launch this new program that will support large-scale technology demonstration projects with strong commercialization potential and that will promote cross-industry collaboration."
With the announcement, the government will now accept project proposals. The proposals are due by Dec. 6. Approved projects will be announced in the third quarter of next year. Project selection will take place once a year.
Projects must be led by an original equipment manufacturer or a Tier 1 integrator.
"Lead companies will bring together small and medium-sized Canadian-based companies to promote the development of supply chains as well as accredited Canadian universities and colleges or their affiliated research institutes to promote knowledge transfer," the government said.
The Technology Demonstration Program will cover up to 50 percent of eligible costs of selected projects. The total annual amount of funding in each selection cycle is about $51.3 million.