ARCHIVED - Making Waves in the Ocean Technology Industry

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April 04, 2004— Ottawa, Ontario

St. John's is a distinguished port city at the heart of Newfoundland and Labrador's 17,000 km North Atlantic coastline. Dubbed a "Centre of Ocean Excellence", St. John's is undergoing a transformation into a hotbed for ocean science and technology.

With a greater emphasis on building the region's capacity for the commercialization of ocean technologies, the NRC Institute for Ocean Technology (NRC-IOT) is a driving force in establishing the region as a world-class centre in this growing field. Ocean technologies encompass a vast array of disciplines including communications, navigation systems, sensors, underwater vehicles, acoustics, engineering, biotechnology, nanotechnology, meteorology, optics, radar and more. Incubation, new company creation and commercialization support programs are a few ways NRC-IOT is helping to build an internationally recognized, sustainable ocean technologies industry in Canada.

The Ocean Technology Enterprise Centre, located in the new NRC-IOT Industry Partnership Facility provides a supportive and cooperative environment in which ocean technology companies can develop their technology and business opportunities. The Centre offers two key programs: the Young Entrepreneurs Program and the Ocean Technology Co-location Program.

The marine and ocean industries contribute $20 billion annually to the Canadian economy and add up to 350,000 part time and full time jobs, especially in coastal communities.Source – Marine and Ocean Industry Technology Roadmap, March 2003

The Young Entrepreneurs Program benefits new graduates of engineering, science or technology programs who want to establish new ocean technology enterprises. By providing participants with mentoring, coaching, space and financial assistance, the program removes many of the obstacles to success that face newly-created firms. There are currently four companies enrolled in the program.

The Ocean Technology Co-location Program is directed at existing ocean technology companies that can benefit from co-location with NRC-IOT. The companies are either engaged in collaborative activities with NRC-IOT or use NRC-IOT facilities and expertise in the development of their technology and the advancement of their business. Since the opening of the new facility in October, 2003, three new companies have been welcomed into the Co-location Program, bringing the total to five.

Between the two programs, NRC-IOT is housing companies specialized in a variety of technologies and services from precision sonar and integrated navigation systems to evacuation, rescue and security solutions.

Enquiries: Media relations
National Research Council of Canada

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