Ryerson University has received $750,000 in funding from the federal government to assist in developing partnerships to commercialize its innovative research. The money, granted under
FedDev Ontario's
Applied Research and Commercialization Initiative, will allow Ryerson's newly established Digital Media Zone to partner with small and medium-sized businesses in southern Ontario to move university-based innovations into the marketplace.
"Ryerson has a rich history in applied technology research," notes Carla Cassidy of the University Research and Innovation department. "By connecting our outstanding entrepreneurial students and faculty members with small and medium-sized enterprises... we can move digital innovations seemlessly from the lab to the marketplace."
The Applied Research and Commercialization Initiative was launched earlier this year -- as was
reported here in April -- specifically to aid businesses and capitalize on academic applied research. So far,
22 grants have been given to schools from the $15 million fund, including seven to GTA programs.
Writer: Edward Keenan
Source: Heather Kearney, Ryerson University