Province investing into new innovation arena at the University of Waterloo's Downtown Kitchener campus
The Ontario government is spending $7.5 million to help build a state-of-the-art Innovation arena at the University of Waterloo campus located in Downtown Kitchener.
On Thursday, Ontario Premier Doug Ford was in Kitchener to announce the construction of the hub which the province says will support the development of new health technology and the commercialization of intellectual property and encourage investment and job creation.
The University of Waterloo and the City of Kitchener are partnering to build the new 90,000-square-foot Innovation arena which comes with an overall price tag of $35 million.
The facility will be at the University of Waterloos health sciences campus in Kitchener.
“It’s great to see the team Ontario spirit in action with the University of Waterloo, the private sector and all levels of government coming together to build this world class facility,” said Premier Doug Ford. “As we continue to grow our province’s life sciences sector, the new innovation arena will accelerate the development and commercialization of made in Ontario innovations, create new jobs and help to attract investments to Kitchener and Waterloo.”
The province said the facility will include a health-tech incubator and a small business centre with a shared wet lab for local entrepreneurs and start-ups.
Kitchener Mayor Barry Vrbanovick said the innovations out of this area will help millions of Canadians benefit in the future.
CTVNews.ca Top Stories
Police release bodycam video of officer-involved incident at Hindu temple protest in Brampton, Ont.
Police say an officer who forcefully removed a 'weapon' from a protester outside of a Hindu temple in Brampton was acting 'within the lawful execution of his duties' after bystander video of the incident circulated widely online.
Some Scotiabank users facing 'intermittent' access to banking days after scheduled maintenance
Scotiabank users say they are having issues using their bank’s services following a scheduled maintenance period that ended days ago.
W5 Investigates Car security investigation: How W5 'stole' a car using a device we ordered online
In part two of a three-part series into how thieves are able to drive off with modern vehicles so easily, CTV W5 correspondent Jon Woodward uses a device flagged by police to easily clone a car key.
A look at how much mail Canada Post delivers, amid a strike notice
Amid a potential postal worker strike, here’s a look at how many letters and parcels the corporation delivers and how those numbers have changed in the internet age.
Sandy Hook families help The Onion buy Infowars
The satirical news publication The Onion won the bidding for Alex Jones' Infowars at a bankruptcy auction, backed by families of Sandy Hook Elementary School shooting victims whom Jones owes more than US$1 billion in defamation judgments for calling the massacre a hoax, the families announced Thursday.
B.C. woman who 'carried on' as mortgage broker, sent falsified documents ordered to pay $35K
A woman from B.C.'s Lower Mainland has been handed a $35,000 penalty after admitting she "carried on" as a mortgage broker in the preparation of 10 mortgage applications, despite lacking the necessary registration.
South African government says it won't help 4,000 illegal miners inside a closed mine
South Africa's government says it will not help an estimated 4,000 illegal miners inside a closed mine in the country's North West province who have been denied access to basic supplies as part of an official strategy against illegal mining.
Trump hammered Democrats on transgender issues. Now the party is at odds on a response
After losing the White House and both houses of Congress, Democrats are grappling with how to handle transgender politics and policy following a campaign that featured withering and often misleading GOP attacks on the issue.
India's 'most wanted terrorist' arrested in Canada
One of India's most wanted terrorists has been arrested and charged in connection with a recent alleged shooting in Ontario.