Tuesday , 7 February 2023
Home Business Provincial cash for Innovation Factory will support transportation innovation

Provincial cash for Innovation Factory will support transportation innovation

Provincial investment drives transportation innovation in Hamilton

Yesterday, Innovation Factory welcomed Vic Fedeli, Minister of Economic Development, Job Creation, and Trade to celebrate the recent investment announcement of $2.4 million to support the accelerator’s Centre for Integrated Transportation and Mobility (CITM). The investment will allow the CITM to expand programs and services to advance the future of automotive, transportation, smart infrastructure and energy industries.

CITM supports innovators working on electrified transportation powertrains, energy distribution systems and infrastructure. Most notably, CITM leverages a network of partners, ranging from engineering and design expertise to advanced manufacturing technology resources

Minister Fedeli toured CITM’s facilities and received a demonstration of the various technology platforms.

Minister checking out an electric bike at the centre

“Our government has promised since we took office in 2018 that we are open for business,” said Donna Skelly, MPP for Flamborough-Glanbrook. “We will do what we can to support businesses and make it easier to invest and create jobs in this province. We want the business community to have confidence in the direction and strength of Ontario’s economy.”

The Centre for Integrated Transportation and Mobility (CITM) is a business accelerator dedicated to supporting electrified, connected and autonomous vehicle innovations. It matches  innovators with industry, business development and technical expertise, CITM helps them commercialize their developments..  CITM also offers exclusive R&D resources to test and validate innovations through leading-edge test environments, technology platforms, rich datasets, and specialized labs. 

Innovation Factory is a not-for-profit business accelerator, serving as the catalyst for technology innovation in the greater Hamilton area since 2011.

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