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   NEWS RELEASE   

For Immediate Release

2006AE0061-001458

Dec. 5, 2006

Ministry of Advanced Education

 

WEST KOOTENAY RESEARCH GETS BOOST FROM PROVINCE

 


ROSSLAND – The Province is nearly doubling support to fast-track innovative ideas and support economic development in rural B.C., including an increase in R&D funding for the West Kootenay-Boundary region, Advanced Education Minister Murray Coell announced today.

 

“As economies become increasingly knowledge-based, linking rural B.C. to science and technology development is becoming more important to our province’s competitiveness,” Coell said. “Nearly doubling our contribution to the B.C. Regional Science and Technology Network is an example of government’s commitment to research and innovation in every region of B.C.”

 

            The Kootenay Association for Science and Technology is receiving $170,000, an increase of $40,000. The association is part of the B.C. Regional Science and Technology Network, a not-for-profit society whose members work within their regions to enhance the application of scientific research and technology to aid the growth of innovative businesses in regional B.C. Through the B.C. Innovation Council, government has increased funding to support the network by more than $820,000 this year, to
$1.7 million.

 

Some of the extra funding will go to two pilot projects operating around the province. MentorLinx brings regional technology chief executive officers together with experienced mentors in their field. IdeaLinx is a networking program that hosts workshops to bring together industry, post-secondary researchers and government representatives.

 

            “With this added funding, we’re helping to expand two pilot projects that are already moving regional research agendas forward quickly,” Coell said. “New companies are saving time and money through MentorLinx, and ideas and research are being connected with available capital through IdeaLinx, giving R&D a head start in B.C.’s rural areas.”

 

“Our association is excited about the opportunities this increase in funding creates for our region,” said Kelvin Saldern, executive director of the Kootenay Association for Science and Technology. “Economic diversification is key to the future health and prosperity of our communities, and technology industries are a primary component of desired diversification.”

Innovation is a major driving force in economic growth and social development. Since 2001, British Columbia has invested over $1.5 billion in research and innovation initiatives across the province.

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Media

contact:

Jennifer McCrea

Communications Director

250 952-6508

250 888-0023 (cell)

 

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