August 24, 2011: Government of Canada Invests in McMaster University’s Automotive Resource Centre
Government of Canada Invests in McMaster University’s Automotive Resource Centre
University researchers and the automotive industry will now come together to develop “green” automotive technologies, thanks to a new investment by the Government of Canada. The Honourable Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), announced the funding at McMaster’s Innovation Park.
Through FedDev Ontario’s Prosperity Initiative, McMaster University will receive up to $11.5 million to create the 80,000 square-foot McMaster Automotive Resource Centre (MARC) for the research and development of innovations such as hybrid and electric powertrains, batteries and lightweight materials. The centre itself is a $26-million project, and is expected to employ 120 to 150 people when complete.