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Vancouver, BC — Today, Mitacs and the Korea Planning & Evaluation Institute of Industrial Technology (KEIT) signed a two-year agreement to strengthen long-term collaborations in industrial research and innovation. The memorandum of understanding was signed by Dr. Stephen Lucas, CEO, Mitacs, and Dr. Yoonjong Chun, Chairman and President, KEIT, at a formal ceremony in Vancouver.
This partnership will leverage Mitacs’s extensive research network across Canada and KEIT’s leadership in advancing Korea’s industrial technology. Together, they will support joint research and development projects, coordinate calls for proposals, and exchange knowledge to address shared priorities in science and technology.
The focus of this collaboration is on developing talent and enhancing both countries’ leadership in strategic sectors such as biotechnology, new materials, energy and clean technologies, digital innovation, AI, quantum, and advanced manufacturing. Through joint calls and exposure to advanced technologies, researchers will benefit from enriched learning and career development experiences.
Quotes:
“By aligning funding, talent, and networks from both Canada and Korea, this partnership will accelerate the development and implementation of high-impact innovations. It symbolizes a shared long-term vision and a deep commitment to strengthening the ties between our countries’ innovation ecosystems.”
Dr. Stephen Lucas, CEO, Mitacs
“Mitacs, as one of Canada’s leading R&D support organizations, shares with KEIT a common mission of advancing technological innovation and strengthening industrial competitiveness. I firmly believe that by joining forces — with Canada’s world-class AI technology and Korea’s strengths in applied technology — we can create far greater synergy.”
— Dr. Yoonjong Chun, Chairman and President, KEIT
About Mitacs
As Canada’s innovation organization, Mitacs connects businesses and researchers with unrivalled access to talent, financial support, and the partnerships needed to turn ideas into impactful innovations. Through unique collaborations, Mitacs is driving productivity and positioning Canada as a global innovation leader.
Mitacs is funded by the Government of Canada, the Government of Alberta, the Government of British Columbia, Research Manitoba, the Government of New Brunswick, the Government of Newfoundland and Labrador, the Government of Nova Scotia, the Government of Ontario, Innovation PEI, the Government of Quebec, the Government of Saskatchewan, and the Government of Yukon.
About KEIT
KEIT is a specialized government agency responsible for planning Korea’s industrial technology R&D policies and supporting technology development by companies and research institutions.
Through global open innovation, KEIT strives to enhance the global capabilities of Korean companies by working with outstanding international researchers.
