Through Budget 2013, the Government of Canada demonstrated its continued commitment to workers, families and communities in southern Ontario with the launch of the Southern Ontario Prosperity Initiatives, which includes Investing in Commercialization Partnerships (ICP).
ICP supports business-led partnerships with a focus on developing globally-competitive products and services. Increased collaboration among businesses, post-secondary institutions and research organizations narrows the gap between innovation and commercialization. This initiative helps to increase the capacity of existing and emerging innovation ecosystems and the development of competitive economic clusters in southern Ontario.
Through ICP, the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) is encouraging the technology transfer between research and business to help bring new ideas to market.