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Simon Fraser University Secures $22.9 Million to Propel Expansion of National Invention to Innovation (I2I) Network
- Simon Fraser University (SFU) has secured around $23 million in funding from the Natural Sciences and Engineering Research Council of Canada (NSERC) for the expansion of the Invention to Innovation (i2I) suite of programs over the next five years.
- This funding is expected to reshape how Canadian research is mobilized into impactful solutions.
- The focus of this program is not only to enhance academic learning but also to ensure that research outcomes can be effectively translated into market-ready innovations that address pressing societal challenges.
- 13 institutions, including Queens University, University of Waterloo, and Université Laval, have pooled their resources and expertise for this initiative to provide comprehensive training opportunities across Canada.
- This expansion will bring forth new offerings such as a full-time commercialization post-doctoral program and a Faculty Innovation Fellows program to address the barriers researchers face in commercializing their work.
- SFU's Associate Vice President of Knowledge Mobilization & Innovation expressed her enthusiasm regarding the funding, stating that the expansion of the National i2I Network would result in more robust pathways for commercialization in the fields of STEM and healthcare.
- SFU is co-leading the Pacific hub of the Lab2Market (L2M) initiative alongside the University of British Columbia (UBC), promoting innovation and entrepreneurship, emphasizing the importance of transitioning from research-oriented projects to industrial applications.
- SFU has achieved recognition as Canada's leading university for innovation and second for industrial application in the World University Rankings for Innovation (WURI) 2024, reinforcing its position as a frontrunner in this space.
- The strategic vision behind these programs is to transform researchers into professionals who are not only adept at their respective fields but also capable of influencing the innovation landscape.
- By equipping researchers with the tools they need to bridge the gap between discovery and marketable solutions, SFU contributes to a more vibrant and responsive research and development ecosystem in Canada.
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