Science, insight and innovation tend to develop in clusters. The most famous of these clusters is Silicon Valley.
Everyone knows Silicon Valley is the world’s capital of digital technology. But, I’ll tell you, everyone in Silicon Valley knows that Canada’s own Waterloo region is home to some of the most brilliant, innovative minds and companies in the world.
This is a model that Canada can and must build on. We believe that businesses, post-secondary institutions, governments and other stakeholders can work together to accelerate economic growth. We will invest $800 million over four years to support innovation networks and clusters designed to increase collaboration and create value through innovation.