VICTORIA – The University of Victoria will receive $1.5 million from the federal government to develop hybrid electric propulsion systems.
The announcement was made at the 2022 Aerospace, Defence and Security Expo in Vancouver, part of $7,534,050 in funding that will also includes $1,171,800 for Chinook Helicopters of Abbotsford for developing and commercializing a virtual reality training and simulation system, and $4,862,250 for Avcorp Industries Inc. of Delta to adopt digital technologies to create efficiencies and enhance productivity.
The funding will help the three organizations innovate, commercialize technologies, and improve global competitiveness while creating 110 jobs in B.C.’s aerospace sector. BC is one of the largest aerospace clusters in Canada with over 200 companies operating in the sector.
The Pacific Economic Development Agency of Canada (PacifiCan) is the dedicated federal regional economic development agency for BC and plays a key role in supporting the aerospace industry. This includes working with local stakeholders to leverage economic opportunities associated with federal defence procurements under the Government of Canada’s Industrial and Technological Benefits (ITBs) policy.
“Canada’s aerospace sector remains the most innovative industry and a key driver of our nation’s economy providing nearly 200,000 jobs in every region of Canada,” states Mike Mueller, President and CEO of the Aerospace Industries Association of Canada. “These projects, and the support of the Government of Canada, will ensure our aerospace industry continues to contribute to the economic recovery from the COVID19 pandemic. We look forward to continued collaboration as we set a course for a long-term vision and plan for decades to come.”