$50 million funding for Perimeter Institute physics research

Perimiter Institute

Perimeter Institute for Theoretical Physics

The Ontario Government  is strengthening its partnership with the Perimeter Institute for Theoretical Physics to support cutting-edge research to build on Ontario’s strengths as a hub of the knowledge economy, continue to attract world-leading talent to the province and increase Ontario’s competitiveness on the global stage.

Premier Kathleen Wynne was in Waterloo Region on Tuesday to announce an investment of $50 million over five years in the Perimeter Institute. This investment, through the Business Growth Initiative, will help leading physicists accelerate their pursuit of scientific breakthroughs in areas such as cosmology, condensed matter and quantum information that are predicted to advance the ways we compute, communicate and live.

Cutting edge research

Wynne said: “The cutting-edge research by top physicists at the Perimeter Institute is strengthening Ontario’s position as a hub of the knowledge economy. Our government is supporting work on the frontiers of science to foster advances that will benefit people around the world, and keep our economy growing.”

Past discoveries in theoretical physics paved the way for innovations such as space exploration, medical imaging, smart phones, global positioning systems and high-speed Internet. This funding will also help the Perimeter Institute strengthen its training and educational outreach activities to develop the next generation of top scientists and innovators.

Neil Turok, Director, Perimeter Institute for Theoretical Physics, said:”The Government of Ontario has supported Perimeter’s growth into a centre of scientific excellence, from its inception. Today’s renewed commitment is both humbling and reinvigorating as we pursue a deeper understanding of the universe and of the basic physics which will underpin the groundbreaking technologies of tomorrow.”

Nature of time, matter

Theoretical physics is a branch of science that seeks to deepen our understanding of the nature of time, matter and information. Pioneers in the field include Sir Isaac Newton, Albert Einstein and Stephen Hawking.

  • Stephen Hawking has recognized the Perimeter Institute as one of the world’s leading centres in theoretical physics.
  • Yesterday, the government announced it will create a new position of Chief Science Officer to help lead its efforts to advance both basic and applied science.
  • Ontario’s funding helps support outreach programs at the Perimeter Institute, which has trained thousands of educators and reached millions of students.
  • Ontario has committed more than $166 million in research funding to the Perimeter Institute since 2003, including this latest investment.
  • Ontario’s five-year, $400-million Business Growth Initiative is helping to grow the economy and create jobs by promoting an innovation-based economy, helping small companies scale up and modernizing business regulations. – CINEWS

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