Partnering for a Better Future for Ontario’s Regional Economies

A globally competitive Ontario is built on the strengths of its regions. Cultivating local ecosystems of talent and innovation helps create the type of environment that enables people to find jobs in their hometowns and communities, and attract investment from industry looking to partner with local businesses and help them scale.

Ontario’s universities are embedded in their local communities, employing thousands of residents and supporting businesses through the economic activity of students, the university and faculty, alike. They are conducting ground-breaking research that leads to new technologies and helps build a sustainable economies.

But their impact extends much further than the place where they’re located.

This booklet features some of the ways Ontario’s universities are helping to drive regional economic development, and create an environment where businesses, both large and small, can thrive.

December 02, 2019
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Did you know?
Innovation parks, regional innovation centres (RICs) and incubators can be found throughout Ontario. These shared spaces bring together leaders in the postsecondary sector and industry with the shared goal of transforming ideas into products that help businesses grow and increase profits.
University students have access to a network of entrepreneurship programs and activities to help them become job creators in their own communities. Through campus incubators and accelerators, they work with business and industry leaders to develop new products and services that help advance sectors, find efficiencies and scale start-ups.
With small and medium-sized enterprises making up 99.7 per cent of Ontario businesses, these partnerships truly fuel the backbone of the province’s economy and help drive regional economic development.
Many of the innovations taking place in communities and regions throughout Ontario are having a global impact. Partnerships between Ontario’s universities, industry and government are helping businesses grow, making new discoveries and developing new technologies and products.