Building Canada’s Knowledge Economy
Building Canada’s Knowledge Economy:
MITACS ACCELERATE Internships Create Unique
Links Between Universities and the Private Sector
With Research and Innovation being the key to success in times of economic crisis,
MITACS ACCELERATE helps organizations stretch their R&I budgets
by building bridges with top academic expertise
Toronto, ON – February 25 2009: Companies in Ontario have a unique way to access top academic researchers, for a fraction of the cost. MITACS ACCELERATE, a nationally‐acclaimed internship program managed by MITACS Inc, connects companies, governments and community organizations with the vast research expertise in Canada’s universities.
The intern, a graduate student or post‐doctoral fellow in any discipline, spends 4, 8 or 12 months working with the company and under the supervision of a faculty supervisor, and investigates a research challenge crucial to the company.
Companies only have to contribute half of the internship cost, or $7,500. The internships are jointly financed by MITACS Inc, thanks to $16.89 million in funding from the Ministry of Training, Colleges and Universities, and support from the Federal Government.
Companies benefit from accessing the vast intellectual capital within the province’s universities while connecting with potential future employees. Graduate interns benefit from the opportunity to apply their research skills to real‐world challenges.
Since the program was launched in June 2008, 135 internships have been funded across Ontario.
“This ACCELERATE internship is a great example of how university‐based researchers can add tremendous value to Ontario industry and Canadian society,” said Dr. Arvind Gupta, Scientific Director of MITACS. “Even in these tough economic times, it makes good business senses to develop the products of tomorrow by making small investments in R&D today.”
About MITACS ACCELERATE Ontario
MITACS is a federally‐funded Network of Centres of Excellence with Ontario regional headquarters located at York University. It brings together academia, industry and the public sector through research and training initiatives to develop cutting edge tools vital to the knowledge‐based economy. In 2003, MITACS established a first‐of‐its‐kind internship program which connected Canadian graduate students and their professors with companies to facilitate knowledge transfer and introduce the private sector to the research expertise within Canada’s universities.
For more information about the MITACS ACCELERATE Program in Ontario, visit www.mitacs.ca.
Interviews can be organized with Dr Arvind Gupta, CEO and Scientific Director of MITACS.