St. John’s – The Research & Development Corporation (RDC) is pleased to announce two funding programs to help businesses further their technology development and assist academic researchers in the pursuit of collaborative research and development (R&D) opportunities:
SensorTECH – a new program in support of sensor-related research, development and demonstration in Newfoundland and Labrador. Sensor-related technologies include radar, acoustics, optics, sonar, and related signal processing technologies. RDC will invest up to $5 million in eligible R&D projects over three years.
ArcticTECH –a renewed program in support of Arctic, cold ocean or harsh environment R&D. Arctic-related technologies apply to subsea processing, pipeline design, remote operations, ice management, oil-spill response, safety and environmental protection, and other challenges. RDC will invest up to $10 million in eligible R&D projects over the next five years.
“The global market for Arctic and remote sensing technologies is growing rapidly. ArcticTECH builds on our province’s strength as a globally competitive cold ocean research laboratory. SensorTECH focuses on supporting our R&D capabilities in an area of critical importance to our offshore, mining, ocean industries and environment sectors.”- The Honourable Darin King, Minister of Business, Tourism, Culture and Rural Development
Both the ArcticTECH and SensorTECH programs provide up to $750,000 for business-led R&D projects with industry investment. ArcticTECH provides up to $250,000 for academic-led R&D projects where academic researchers collaborate with local or global technology providers. SensorTECH will provide funding to academic-led R&D projects through a competitive call for proposals which will close on November 19, 2015.
“RDC’s goal is to enable technology commercialization and resource development, and to leverage local, national and international collaboration that drives research, development and deployment. These programs will support the R&D that enables companies to pursue new market opportunities.” - Glenn Janes, Chief Executive Officer, Research & Development Corporation