Friday, July 23, 2010

Province, partners agree to fund advanced learning technologies centre (excerpts from CNB Media release 23 July 2010)

The provincial and federal governments are working with municipal partners to support New Brunswick’s growing knowledge sector with the creation of the Centre of Excellence for Advanced Learning and Technologies (CEALT) in Fredericton.

This centre of excellence will anchor New Brunswick’s advanced learning sector, generating new jobs and ground-breaking technology solutions for global markets. CEALT will consist of partnership labs along with a research and networking centre to support the advanced learning technology cluster. These partnerships are expected to stimulate regional growth in such sectors as defence, health and energy.

CEALT will be housed in a new 4,050-sq.-m building to be constructed in the Fredericton Knowledge Park. This business park is targeted to companies based in research and development and the application of information technology, advanced learning, biotechnology, health care, forestry and engineering. The building will provide office space and a collaborative environment to advanced learning firms including CAE, a world leader in modelling, simulation and training solutions for civil and defence markets.

Construction, expected to total $6.2 million, will be funded by an interest-free loan of $4.5 million from the provincial government; $1.75 million non-repayable contribution from the ACOA; and a $600,000 non-repayable contribution from the Fredericton Knowledge Park.The City of Fredericton is contributing $750,000 to support operational costs during the start-up.

“We are pleased to support the establishment of this centre of excellence in our knowledge park,” said Fredericton Mayor Brad Woodside “Fredericton is home to more than 70 per cent of the province’s knowledge industry, and the support we are providing will help add to our reputation as one of the world’s most intelligent communities.”

For the entire release, click on the following link:

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