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Ottawa teams up with Juvenile Diabetes Foundation in $30-million partnership
Provided by: Canadian PressWritten by: THE CANADIAN PRESS
Nov. 23, 2009
WATERLOO, Ont. - The federal government is announcing a $30-million partnership with Juvenile Diabetes Research Foundation Canada toward combating the disease.
In making the announcement at the University of Waterloo today, Gary Goodyear, minister of state for the Federal Economic Development Agency for Southern Ontario, says hundreds of high-paying, highly skilled new jobs will be created.
He says the partnership will expand diabetes research in southern Ontario and bring new technologies to market.
Ottawa will invest $20 million while the foundation will contribute $10 million.
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Among other things, the partnership will help support the foundation's artificial pancreas project and regenerative medicine technology program.
"This investment will advance diabetes research and make sure that southern Ontario continues to be a leading destination for world-class research and commercialization opportunities," Goodyear said in a statement.
Foundation president and CEO Andrew McKee said in a statement that the "investment comes at a critical stage internationally, as we look to quicken the pace of research leading to cures and better treatments."
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