Initiative for Sustainable Aviation Technology of Canada will support the green transformation of the aerospace industry
Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, announced an investment of $350 million to support Canada's new Initiative for Sustainable Aviation Technology (INSAT) aimed at accelerating the green industrial transformation of the aerospace industry.
This investment, via the Strategic Innovation Fund, will establish a pan-Canadian, industry-led aerospace network focused on funding collaborative research and development projects with companies of all sizes across the Canadian supply chain, from coast to coast to coast. Projects will focus on four key technology areas: hybrid and alternative propulsion; aircraft architecture and systems integration; transition to alternative fuels; and aircraft support infrastructure and operations.
Today's announcement is in direct response to the main recommendation stemming from consultations led by the Aerospace Industries Association of Canada involving over 450 industry representatives and other stakeholders nationwide.
The aerospace industry is one of the most innovative and export-driven sectors in Canada, contributing close to $27 billion and more than 210,000 jobs to the economy.
In partnership with the aerospace industry and in line with Canada's Aviation Climate Action Plan, the federal government is committed to taking concrete action that will foster innovation, bolster competitiveness and position Canada as a global leader in sustainable aviation.
