Province of Ontario funding commitment welcomed by Perimeter Institute
The Honourable Charles Sousa, Ontario’s Minister of Finance, released the 2016 provincial budget at the Ontario Legislature in Toronto today. The budget pledges continued funding to Perimeter Institute as a strategic asset for the province.
The 2016 budget states the Province of Ontario is “Investing $50 million over five years in world-leading research at the Perimeter Institute.”
The full budget document recognizes the role of education, research, and innovation in Ontario’s knowledge economy today and in the future.
“On behalf of Perimeter Institute and its entire community of researchers and support staff, may I express our profound gratitude for today’s expression of confidence from the Government of Ontario,” said Perimeter Director Neil Turok.
“This ongoing support, coupled with investment from other public and private partners, will see the Institute accelerate its pursuit of scientific breakthroughs that will advance basic understanding and drive discovery, innovation, and prosperity in the 21st century. The Institute will also strengthen further its training and educational outreach activities to encourage and develop young scientists and innovators here in Ontario. By supporting Perimeter’s growth as a centre of scientific excellence, the Province is making a cost-effective, high-impact investment in our collective future.”
Perimeter Institute is the world’s largest research hub devoted to theoretical physics. The independent Institute was founded in 1999 to foster breakthroughs in the fundamental understanding of our universe, from the smallest particles to the entire cosmos. Research at Perimeter is motivated by the understanding that fundamental science advances human knowledge and catalyzes innovation, and that today’s theoretical physics is tomorrow’s technology. Located in the Region of Waterloo, the not-for-profit Institute is a unique public-private endeavour, including the Governments of Ontario and Canada, that enables cutting-edge research, trains the next generation of scientific pioneers, and shares the power of physics through award-winning educational outreach and public engagement.