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University research for industry soars

from CBC News

Businesses are increasingly relying on universities to help them with science and technology research. University research contracted by businesses increased fivefold between 1999 and 2008, to $1.97 billion, reported Janet Walden, vice-president of research partnerships for the Natural Sciences and Engineering Research Council. In addition, NSERC currently contributes $260 million a year to programs involving partnerships between universities and industry — far more than the $140 million that the businesses themselves contribute. Funding involving industry now represents about one third of NSERC's budget, and is expected to grow. more

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