Academia + Industry + Government = Model for Success

Question:How can colleges play a larger role in the innovation ecosystem?
on 09/06/2016

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Industry-academia-government cooperation is needed to develop and facilitate regional clusters that will be looked upon as features of international industry. Canada can reach new heights by making these clusters stronger and more efficient. These clusters will accelerate innovation, foster networks of entrepreneurs, strengthen linkages between research institutions and businesses, attract and retain talent, increase competitiveness of cluster firms, and encourage new investment. Canada needs to support more initiatives like the Downsview Aerospace Innovation and Research (DAIR) consortium (www.dairhub.com). This cluster is a collaboration of all the largest aerospace companies and leading postsecondary education institutions from the Greater Toronto Area (GTA) in Ontario, Canada. The GTA consists of the central city of Toronto, and the four regional municipalities that surround it: Durham, Halton, Peel, and York. The members of this cluster have united with the joint mandate of developing an Aerospace Hub at Downsview Park in Toronto, Ontario. This Aerospace Hub will create a much needed focal point for Ontario’s aerospace industry. The Hub is projected to create up to 14,400 sustainable jobs and provide direct, indirect, and induced benefits of up to $2.3 billion over the next 20 years (KPMG Report). Such a focal point will generate a global gateway for exchange and innovation, and will create national and international corridors that will enable Canada to thrive in this globally-shifting, highly-competitive industry.

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