Canadian Government announces support for BC’s aerospace sector
Monica Ferguson
Industry Operations Production Aerospace Government Aerospace Regional Recovery Initiative aerospace sector Avcorp Industries canadian government Chinook Helicopters economic recovery University of Victoria
Photo: Government of Canada / Pacific Economic Development Canada.
An investment of over $7.5 million under the Aerospace Regional Recovery Initiative will support three B.C. organizations: Avcorp Industries, the University of Victoria, and Chinook Helicopters. The funding will help the three organizations innovate, commercialize technologies, and improve global competitiveness while creating 110 jobs in B.C.’s aerospace sector.
“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,” Mike Mueller, president and CEO, AIAC. “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.”
Projects being funded:
Organization: Chinook Helicopters
Project description: Develop and commercialize a virtual reality training and simulation system.
Funding: $1,171,800
Organization: Avcorp Industries
Project description: Adopt digital technologies to create efficiencies and enhance productivity.
Funding: $4,862,250
Organization: University of Victoria
Project description: Develop hybrid electric propulsion systems.
Funding: $1,500,000
Total funding: $7,534,050
