HEADS OF MEDIA AND DESIGN ONTARIO

OAKVILLE, ONTARIO–(Marketwire – April 19, 2010) – A new pilot initiative for southern Ontario colleges and universities will provide up to $15 million to help small- and medium-sized businesses move promising products, practices and processes from the research and development stage to the marketplace. Speaking at Sheridan College in Oakville, the Honourable Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario, launched FedDev Ontario’s Applied Research and Commercialization Initiative.

“Our government’s Applied Research and Commercialization Initiative will create new jobs and strengthen the economy of southern Ontario,” said Minister Goodyear. “By giving businesses greater access to the research capacity of Ontario’s colleges and universities, our government is committed to supporting the people, communities and businesses of southern Ontario.”