$10 million to establish McMaster University's iHub to support more than 230 SMEs to commercialize new technologies for next-generation automotive and aerospace sectors
HAMILTON, ON, June 14, 2021 /CNW/ - The integration of advanced technology across the automotive and aerospace sectors is transforming the way we travel and transport goods, while offering substantial environmental benefits by reducing emissions and moving us closer to a zero emissions future. Manufacturers integrating new technology are growing in number and SMEs will be required to quickly pivot their operations and seize new supply chain opportunities as the automotive and aerospace sectors embrace greater electrification.
This is why, today, the Honourable Filomena Tassi, Minister of Labour and Member of Parliament for Hamilton West–Ancaster–Dundas, announced a $10-million FedDev Ontario investment for McMaster University https://innovationfactory.ca/ to establish iHub, a university-based integrated automotive, aerospace and advanced manufacturing network. The announcement was made on behalf of the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for FedDev Ontario.
iHub, located at the McMaster Innovation Park, will bring together industry experts at state-of-the-art facilities to support manufacturers, automotive and aerospace suppliers and SMEs to develop, test and incorporate the latest technologies required for the production of next-generation electric and autonomous vehicles and energy-efficient and intelligent aircrafts. iHub will then connect participants with large automotive and aerospace manufacturers that require these solutions, expanding opportunities for local suppliers from across southern Ontario to integrate into these global supply chains.
Read the full story at newswire.ca.
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