FedDev Ontario has announced that Regional Defence Investment Initiative (RDII) is now open in southern Ontario. The RDII is a $357.7-million initiative, delivered by Canada’s regional development agencies, which aims to accelerate the integration of businesses and regional ecosystems into domestic and international defence supply chains while increasing their industrial and innovation capacity. This includes investment in businesses whose products and services are dual-use, or who seek to pivot their activities to supply the defence sector. FedDev Ontario’s allocation through this national initiative is $94.7 million.In addition, understanding the critical importance of the defence sector in the region, FedDev Ontario is allocating an additional $106 million from existing resources to total nearly $200 million in defence support.The announcement was made recently at the Downsview Aerospace Innovation and Research (DAIR) hub in Toronto, which puts focus on bringing together industry, academia, & government to advance the Canadian aerospace industry.“This aerospace hub is an example of the talent and potential we have here in the Greater Toronto Area and across southern Ontario to boost the competitiveness of the defence sector. The investments and the collaborations that will come with support through the Regional Defence Investment Initiative will help ensure long-term economic prosperity for the industry and the country,” added Jean Yip, Member of Parliament for Scarborough−Agincourt, Ontario. (ICE TORONTO)

Fonte notizia: https://www.ept.ca/