A consortium of more than 50 organizations with offices in the York Region area have organized a supercluster bid focused on the development of microelectronics and backed by a pledge of more than $300 million in funding, IT World Canada has learned.

The bid, titled “The Advanced Microelectronics Supercluster” involves major tech brands alongside numerous smaller businesses in the area north of Toronto, with Markham, Ont.-based VentureLab Innovation Centre (ventureLAB) as the central organizing force. It targets the Liberal government’s Innovation Superclusters Initiative that promises $950 million between 2017-2022 to business-led innovation superclusters that promise to supercharge Canada’s economy and create jobs in the knowledge economy.

 

The government is expected to announce its shortlist for supercluster bids any day now.

Read on techcluster.venturelab.ca