09:24 AM

Mark your calendars: Remembrance Day Services at Mohawk College

A new study from the Conference Board of Canada says Ontario colleges are making positive contributions to the economy, business, and individuals by stimulating applied research and development and advancing much-needed innovation.  Of the 29 business-college collaborations studied, almost all have led to the development of a new or improved good, service, or process, according to the study that was released at the Ontario Economic Summit. For students, taking part in applied research projects provides industry-relevant experience, improved technical and employability skills, and entrepreneurship skills. The study found that there is an opportunity to achieve much more by further investing in Ontario colleges. An economic impact model undertaken by the Conference Board, shows that boosting federal and provincial spending on R&D and directing it to colleges ($93 million) would boost Ontario's economy by nearly $150 million (constant dollars) and create 2,600 jobs between 2011 and 2014