University of Toronto welcomes new federal investment in research
April 21, 2015
TORONTO, ON – The federal government’s renewed investment in the Canada Foundation for Innovation (CFI) strengthens the University of Toronto’s ability to conduct ground-breaking research that benefits all Canadians, said U of T President Meric Gertler, referring to the $1.3 billion over six years announced in today’s budget.
“Canada’s ongoing support for research infrastructure is fundamental to the country’s research landscape,” said Gertler. “This new investment will help position Canada to compete on a global level in science, technology and innovation, leading to a better quality of life for Canadians and for people everywhere.”
Since CFI’s inception in 1998, U of T and partner hospitals have secured over $800 million for more than 800 projects. These contributions are estimated to have leveraged in excess of $1.2 billion in additional funding, notably from the Ontario Ministry of Research and Innovation.
In addition, the federal government recently announced funding to ensure that Canada remains a leading partner in the Thirty Meter Telescope project, an international initiative to support Canada’s role in world leading astronomy and astrophysics.
The federal government’s additional investments of $46 million in the granting councils and $45 million in TRIUMF will further support Canada’s leading researchers.
“The latest investments in Canadian scientists and scholars and research infrastructure will allow Canada – and the University of Toronto – to continue developing a state-of-the-art research environment, to attract and retain top researchers and students from around the world and to support them fully in their work,” said Gertler.
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