NORCAT Corporate Information

With the help of private and public sector partners, the construction of NORCAT's 60,000 square foot Innovation and Commercialization Centre is underway.

Opening in the Fall of 2008, this state of the art facility will help drive economic development in mining, innovation and training.

NORCAT's Residency Program will provide SME's with access to specialized labs and office space to help them grow their business and foster new partnership.

	May 1, 2008 Xstrata Nickel Invests $1 MILLION IN TO NORCAT’S INNOVATION AND COMMERCIALIZATION PARK Sudbury, May 1, 2008 – Xstrata Nickel today announced a contribution of $1 million in support of the development of NORCAT’s Innovation and Commercialization Park. The new centre will allow NORCAT to house all of its Sudbury operations in one building, bringing together NORCAT's contractor training site and its Barrydowne office into one convenient location. Scheduled to open in the Fall of 2008, the centre will help to drive economic growth in mining, innovation, and training. "Xstrata Nickel is committed to supporting the communities where we live and work,” says Roger Emdin, Manager of Xstrata Nickel’s Onaping Depth Project. “We want our communities to thrive around us and we, together with our employees, take great pride in helping make that happen. With this donation to NORCAT we will support local business initiatives and help create opportunities for industry innovation at NORCAT. This in turn will contribute to the economic growth of the Greater Sudbury Area; a very positive result for our community.”
	. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . April 4, 2008 FedNor Invests $2 MILLION IN TO NORCAT’S INNOVATION AND COMMERCIALIZATION PARK Sudbury, April 4, 2008 – The Government of Canada remains committed to bolstering the economic outlook for Northern Ontario by investing in projects that support research and innovation, economic development, job creation and small business growth. The Honourable Tony Clement, Minister of Health and Minister for FedNor, today announced a FedNor investment of more than $3 million ($3,095,039) in support of eight local initiatives benefiting the residents and businesses of Greater Sudbury and all of Northern Ontario. FedNor funding of $2,000,000 will allow NORCAT to construct a state-of-the-art building to house a new incubator facility and centralize NORCAT's technology development and industrial services. The NORCAT Centre will provide the private sector with one-stop access to NORCAT’s industrial training and innovation services. In addition, the incubator facility will bring to the region a new service for small businesses and pre-commercial entrepreneurs. Once complete, the Centre will accommodate up to 22 small and medium-sized enterprises by providing flexible rental space, access to labs and workshops as well as business and technology support services.
	. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . November 1, 2007 CVRD INCO DONATES $2 MILLION TO NORCAT’S INNOVATION AND COMMERCIALIZATION PARK Sudbury, November 1, 2007 – CVRD Inco announced its support for the development of NORCAT’s Innovation and Commercialization Park with a $2 million donation today. The 60,000 square foot multi-use facility will build on the services already offered by NORCAT, and provide small and medium enterprises seeking to expand their markets with space necessary to develop new technology, products and processes. “The Innovation and Commercialization Park will be an important economic driver for the City of Sudbury," said Fred Stanford, President of CVRD Inco’s Ontario Operations. “The ideas that will be brought to market as a direct result of this initiative will help create new jobs, diversify Northern Ontario’s economy and enhance our community’s long-term competitiveness.” “This generous financial support from CVRD Inco is a demonstration of the company’s unwavering commitment to business growth and economic development in our community,” said Darryl Lake, CEO and Executive Director, NORCAT. “We greatly appreciate their contribution as we lay the foundation for Northern Ontario to stay on the leading edge of commercialization and innovation.” . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
	August 27, 2007 MINISTRY OF NORTHERN DEVELOPMENT AND MINES INVESTS $1.5M IN NORCAT'S INNOVATION AND COMMERCIALIZATION PARK SUDBURY - The McGuinty government is fuelling innovation in the North by investing in two new exciting centres at NORCAT and Cambrian College, Minister of Northern Development and Mines Rick Bartolucci announced today. “The Innovation and Commercialization Park will build on the services already offered by NORCAT in nurturing new business and industrial development concepts,” said Bartolucci, who is also chair of the Northern Ontario Heritage Fund Corporation (NOHFC). The NOHFC is providing $1.5 million to the Northern Centre for Advanced Technology (NORCAT) to support construction of a 60,000-square foot innovation and commercialization park. The park, to be located off Maley Drive, will provide small and medium enterprises with the space necessary to develop new technology, products and processes. The facility will provide flexible space to meet the needs of tenants seeking to develop projects or expand their markets. A unique aspect of the project will be its “techno/business” component, which will provide a complete array of services including business advice, formal organization, planning and access, business development funds, space (retail, shop, and storage), prototyping and technological assistance. “Yet again, the provincial government is showing outstanding leadership in ensuring a competitive Ontario,” said Darryl Lake, CEO and Executive Director of NORCAT. “Through their continued support of NORCAT, Premier McGuinty and Minister Bartolucci are laying a foundation for Sudbury and the province to take the lead in innovation and commercialization. I commend and thank them for their vision and for their commitment to the North and to Ontario.” “Current available commercial space is often geared toward long-term commitments which do not meet the needs or are beyond the financial capacity of many start-up operations,” said Bartolucci. “All the services provided by this centre will be located at a single site to allow for co-mingling among clients and anchor tenants, helping to build strong foundations for new ventures while strengthening the North’s industrial, technological and business cluster.”
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