Benefits

Supporting the development of key technologies that will improve all of our lives is what TPC is all about. Its investments help our economy to flourish: encouraging the development of technologies that will make a significant contribution to our health, safety and quality of life.

TPC invests in technologies that help to address some of the key concerns of Canadians including enabling technologies in biotech to treat illness and improve our health care system; projects that will improve our environment and prevent and protect us from pollution; and technologies that will ensure that Canada is a safe place to live.

While TPC supports innovative ideas that promise social and economic benefits to Canada and Canadians, these investments also hold promise of repayment on successful projects. The repayment of these investments helps offset the costs and risks inherent to R&D investment and support further innovation. However, TPC investments represent patient capital and take into account that repayment may take many years to be completed.

The benefits of TPC investments are far reaching and include:

• Social Benefits
  • Reduced health care costs and new diagnostic technologies and treatments
  • Improved communication and connectivity
  • Increased public safety and security for Canadians
  • Improved transportation
  • Protection and enhancement of Canada’s food supply
• Benefits to Recipients and Industry
  • Leveraging
  • Enhancing the skill-set and capabilities of the company
  • Encouraging the application of Intellectual Property
  • Increasing Canada’s Innovation Capacity
  • Supporting the development of Innovation Networks
  • Supporting Partnerships with Universities and Research Institutes
  • Spin-off benefits for supplier companies
  • Development of key technology clusters
• Jobs
  • Create and maintain high-quality jobs in Canada
  • Increased personal taxes for provincial and federal governments as a result of jobs
  • Spin-off job creation at suppliers and support companies
  • Ensuring opportunities for highly trained graduates in Canada
• Environmental Benefits
  • Environmentally sustainable technologies
  • Reduced emissions
  • Promise of a cleaner, more environmentally friendly future for industry
• Repayment