Western Economic Diversification Canada (WD) announced today that it has invested $15 million in the TEC Centre at the University of Alberta’s Enterprise Square (for more on Enterprise Square and the TEC Centre, see my October 11th post). It is unclear just what, exactly, the money will be spent on:
This $15-million investment in TEC Edmonton and Enterprise Square is just the latest example of the “spectacular” support the university has received from all levels of government, said U of A Vice-President (Research) Dr. Gary Kachanoski, who is also chair of TEC Edmonton’s board of directors. That money comes with expectations, he said.
“We are rightly asked to do more and we simply must do more to ensure this investment translates into economic and social benefits for our community.”
I wish he could have given an example of what “doing more” entails. I expect we’ll find out more over the course of the next year. The TEC Centre will open for business in the summer of 2007.