SFU commends Budget 2014’s investments in research and innovation
Scott McLean, SFU Vancouver, 778.782.5151, email@example.com
Simon Fraser University joins with universities across Canada in commending the federal government’s significant increase in support for research and innovation.
The announcement, made by Finance Minister Jim Flaherty as part of Tuesday’s Budget 2014, establishes a $1.5 billion, ten-year commitment to the Canada First Research Excellence Fund, a fund that beginning in 2015-16 will assist Canada’s research universities and their partners to advance economic growth and the quality of life for all Canadians.
The federal budget also provided an increase of $46 million in annual funding for Canada’s research institutions through federal research granting agencies and the Indirect Costs Program.
“Research is central to SFU’s vision as an ‘engaged research university,’ and these investments will enhance SFU’s ability to further Canada’s reputation as a global leader in research and innovation,” said SFU President Andrew Petter.
In addition, the federal budget contained investments that will directly benefit students, including $40 million for internships for graduates, removing student-owned vehicles from the Student Loan Assessment, and $8 million in new funding for Mitacs, a not-for-profit agency that offers internships and fellowships for graduate students and postdoctoral fellows.
In British Columbia, these investments will assist SFU along with its partners in the Research Universities’ Council of British Columbia (RUCBC) to continue to meet the demands of a changing economy through innovative research, as well as by graduating students prepared to meet the labour market demands projected over the next decade.
“The budget demonstrates a commitment to enhancing student pathways from university to the workplace by augmenting internship and fellowship opportunities,” said Petter. “These investments will help ensure that Canadians succeed in an increasingly competitive, global knowledge-based economy.”
The budget also detailed a five-year, $222 million allocation to TRIUMF, Canada’s National Laboratory for Particle and Nuclear Physics, of which SFU is a partner.
Simon Fraser University is consistently ranked among Canada's top comprehensive universities and is one of the top 50 universities in the world under 50 years old. With campuses in Vancouver, Burnaby and Surrey, B.C., SFU engages actively with the community in its research and teaching, delivers almost 150 programs to more than 30,000 students, and has more than 125,000 alumni in 130 countries.
Simon Fraser University: Engaging Students. Engaging Research. Engaging Communities.