NGen Launches 15 New Advanced Manufacturing Projects Valued at $59M

by WETechAlliance
August 14, 2024

NGen funding supports 31 companies in manufacturing and technology sectors across Canada

HAMILTON, Ontario, Aug. 13, 2024 – NGen has announced funding for 15 new advanced manufacturing projects valued at $59M. The investments will support 31 companies in various manufacturing sectors across Canada. The announcement follows recent NGen programs including the Commercialization of Quantum Technologies (National Quantum Strategy), Electric Vehicle Value Chain Program, and Moonshot for Mining, Minerals and Manufacturing (Canadian Space Agency). NGen’s investment of $21.4M in these projects leveraged a total of $37.4M in industry contributions from 15 project consortia.

To date, NGen has approved 211 Cluster projects with 483 industry partners and 313 research groups from across Canada. To date, those investments have resulted in $7.2 billion in new sales – a 5x return on Federal taxes. As a result of NGen projects, 66 new companies and 3,901 direct jobs have been created.

The following project consortia represent the latest cohort of NGen’s Advanced Manufacturing programs:

Original Article on WETechAlliance

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