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REGIONAL INNOVATIONS NETWORKS (RIN)
Ontario is implementing a commercialization framework based on a system of "regional innovation networks." These are multi-stakeholder, regional development organizations established with Provincial funding that support partnerships among business, institutions and local governments to promote innovation. While initially focused on the life sciences, Ontario's 11 active regional networks are expanding into other areas of innovation excellence such as information technology, energy conservation, and advanced materials-depending on their local strengths and opportunities. In the new knowledge-based economy, commercialization is a key driver of global competitiveness. Ontario’s system of regional innovation networks is an important component of Ontario’s commercialization framework. One of the benefits of these networks is that they can bring commercialization services closer to the clients that need them-small firms, researchers, entrepreneurs and investors. The regional networks can also facilitate access to other commercialization resources, including the Ontario Centres of Excellence, the new Medical and Related Sciences (MaRS) centre, the Ottawa Centre for Research and Innovation, and Communitech. The regional innovation networks (RINs) across Ontario are working together and collaborating with their regional partners to build better linkages, improve knowledge flows, and increase opportunities for innovation by:
1. Connecting small and medium enterprises (SMEs) to commercialization resources across Ontario, such as the resources and expertise available in MaRS and the Ontario Centres of Excellence. 2. Developing R&D networks across the province to increase access to public R&D infrastructure and expertise, such as laboratory equipment or research expertise, to help firms test new products and solve technical issues. 3. Developing regional commercialization supports for SMEs, for example, entrepreneurial training or business mentorship. 4. Linking businesses to appropriate technical, management and financial resources within their regions and across Ontario.
The Ontario government has committed $13M to the development of eleven RINs across Ontario. This funding must be matched by the RINs. Contacts Presse:
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