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Following PBO report, Minister Bains says Superclusters have seen “enormous progress”

The remarks followed a virtual showcase held on Wednesday touting the progress of its Innovation Superclusters Initiative. The showcase followed the report from the PBO, which found the federal government’s Innovation Superclusters Initiative was far behind its spending goals as of March. “If you take into account March, and now year to date, we’ve seen enormous progress,” said Minister Bains. The minister added that the Superclusters Initiative has announced over $800 million in investments – the majority of which ($420 million) was invested by industry. We’re very excited about the capital that’s coming to Canada and the record venture capital financing that’s taking place here in Canada,” Bains said.

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