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Atlantic Facilities And Research Equipment Database (AFRED) Received ACOA Funding

Science Atlantic will receive $280,000 from ACOA to support the development and implementation of the Atlantic Facilities and Research Equipment Database (AFRED). AFRED was launched in March 2017 and helps businesses access publicly funded research and development tools. The database provides quick and affordable access to 400 sophisticated technical instruments from more than 80 research facilities from across Atlantic Canada that can be contracted by companies in need of specialized testing.

If a search in the AFRED database for a research and development tool comes up empty, an email request for this equipment is sent to Springboard Atlantic. Springboard will then reach out to our members and network to see if anyone in our ecosystem is able to help. This mechanism serves two purposes, it extends AFRED’s reach and it also helps researchers becoming aware of AFRED and to consider if they have research and development tools that they are willing to enter into the AFRED database.

“AFRED has tremendous potential to showcase specialized research infrastructure in Atlantic Canada and provide researchers with opportunities for partnerships with colleagues in academia and industry,” said Christian Lacroix, Chair-Elect of Science Atlantic and Biology Professor, University of Prince Edward Island.

First Angel Network will receive a grant of $948,000 over three years and Venn Innovation will receive ~$177,000 from ACOA. The goal for the First Angel Network is to develop the angel investor community in Atlantic Canada and to improve access to private capital for early-stage companies in the region. Venn Innovation will provide 60 Atlantic Canadian startups with access to MaRS market intelligence services over the next year, including access to industry-leading research reports and expert analysts.

To read the full Entrevestor article, click here.