Government of Canada Invests in nanomanufacturing
The Government of Canada is investing in CBN Nano Technologies' venture.
The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, announced a $40-million investment in CBN Nano Technologies (CBNNT), who is engaged in research into the commercialization of technology which allows atomically precise manufacturing.
"Nanotechnology and nanomanufacturing represent the next frontier for advanced manufacturing, and they are being developed by Canadian innovators today, right here in Ottawa. This investment will create hundreds of highly skilled jobs and make a difference in Canadians' lives by improving health care treatments, protecting Canadians against fraud and helping produce super-efficient solar energy," said Bains.
CBNNT is a sister company of Canadian Bank Note Company, Limited (CBN) who’s $220-million nanotechnology project will be the first in the world to undertake atomically precise manufacturing on a commercial scale.
"CBN is making the largest R&D investment in its more than 120-year history in this nano project. We are grateful that the Government of Canada has recognized the value of our innovative research to Canada and the global community. This project has the potential to put Canada in a pre-eminent position leading the next-generation manufacturing economy," said Ron Arends, President and CEO, CBN.
This new technology will help establish Canada as the global leader in advanced manufacturing processes in a variety of sectors. For example, it will also have potential applications in advanced health care treatments, reducing pollution, building high-performance computing capabilities and producing super-efficient solar energy.
Thanks in part to this investment CBNNT and CBN will create 469 new jobs, 364 of which will be highly skilled.