TPC to wind down, replacement will offer SMEs better access
MONTREAL, QUE-The federal government plans to wind down the Technology Partnerships Canada (TPC) program and replace it with a new Transformative Technologies program (TTP), which will share with Canadian industry in the costs of innovation and technology adoption projects. The existing TPC research and development program will also be phased out, said federal Industry Minister David Emerson. "We needed a program that was accessible to more industries, tightly focused on the transformative technologies that will build a more competitive economy, and more transparent to taxpayers. With the new program we will achieve these goals," he explained. The new TTP will be open to all industry sectors and to all technologies, with greater access for small and medium-sized companies (SMEs). The program will adhere to the principles of good governance, accountability, transparency and due diligence. Emerson said his department will be seeking independent advice to ensure that the program design meets these principles. Expert panels, which will include private sector representatives, will assess project outlines for innovativeness and market relevance. As well, review criteria and set repayment options will be posted on the Internet.