Canada invests $5.9M in New Brunswick innovative R&D projects

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The Government of Canada is investing close to $5.9 million in support of three innovative research and development (R&D) projects at the University of New Brunswick (UNB) Fredericton under the 2012 Atlantic Innovation Fund (AIF) competitive round.

In total, the federal government will invest $39.9 million under the AIF to transform promising ideas into marketable innovations.

The combined value of these projects is over $71.1 million.

The AIF funding will assist the university to carry out three projects: develop hardware, software and MRI measurement tools to help detect and extract hydrocarbons, including oil and gas; develop an IT toolset to identify potential risks and threats to computer systems; develop natural fibre-based wraps for pulp baling and carton box strapping, as a renewable and cost-effective packaging alternative.

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