Composites innovator opens new business park facility
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Hey there, time traveller!
This article was published 11/04/2012 (3882 days ago), so information in it may no longer be current.
The Composites Innovation Centre is holding the grand opening of its new Tuxedo Business Park facility this afternoon.
The nine-year-old composite materials research facility now has four times the space it had in its original Smartpark location.
Since its launch in 2003, the CIC has grown consistently. It has also continued to increase its presence among the growing composites researchers community.
It now manages a national aerospace composites consortium and is internationally recognized for the development and commercialization of biomaterials for composite applications.
It has been responsible for the creation of five businesses and has trained more than two dozen graduate students.
The CIC has also been successful in raising about $32 million over the years, 60 per cent of which came from the Economic Partnership Agreement between the federal and provincial governments.
Sean McKay, the CIC’s executive director, said the goal is to get private-sector funding to 50 per cent of its total revenue this year.