It’s a massive investment that could position Fanshawe College as a leader in biotech innovation.
The college will be putting a total of $9-million towards CARIB, or the Centre for Advanced Research and Innovation in Biotechnology.
The investment is thanks to $4-million federally, $2.2-million provincially, and $2.8-million from the college itself.
“Fanshawe is doing remarkable work in this area. And biotechnology is very important if we look at what it can do for cities and for countries and positioning us globally in terms of competing economically,” says London North Centre MP Peter Fragiskatos who was on hand for Friday’s announcement.
“We’re talking about the government of Canada, along with the provincial government, teaming up with Fanshawe and providing a setting where students and teachers can work together, come up with that ground-breaking research that leads to discoveries, and that in turn leads to products. That commercialization obviously will generate an economic boost that we need in this country.”
The investment will allow for the creation of specially designed spaces where students, professors, and researchers will collaborate and potentially train for and invent the high-value jobs of the future.
“Fanshawe’s new Centre for Advanced Research and Innovation in Biotechnology will allow the College to prepare graduates for relevant and rewarding careers in biotechnology, while providing space for students to collaborate on research projects with industry partners,” says Fanshawe College President Peter Devlin.
“The Centre will also have modern lab space for our senior students to work on projects in an independent environment. We thank the federal and provincial governments for their continued support of Fanshawe College.”
The federal funding is coming from the Innovation Agenda’s Post-Secondary Institutions Strategic Investment Fund.
Photo via @pfragiskatos on Twitter.