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CMC Microsystems and ventureLAB Sign Memorandum of Understanding in Support of Semiconductor Innovation and Growth in Canada

https://www.venturelab.ca/news/cmc-microsystems-and-venturelab-sign-memorandum-of-understanding-in-support-of-semiconductor-innovation-and-growth-in-canada

https://www.reddit.com/r/EdgewaterWireless/s/vOiBzxZ7PR


Post from CMC Microsystems (@CMCMicrosystems)

CMC Microsystems (@CMCMicrosystems) posted at 8:07 AM on Fri, Apr 05, 2024:
We are thrilled to announce a monumental partnership between CMC Microsystems and ventureLAB! Solidifying our commitment to innovation and collaboration in the tech ecosystem @venturelab https://t.co/pQcScYqRCr https://t.co/tNcRphNs2A #CMCventureLAB  #Partnership #TechRevolution https://t.co/fBQfMDLPUZ
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We are thrilled to announce a monumental partnership between CMC Microsystems and ventureLAB! Solidifying our commitment to innovation and collaboration in the tech ecosystem @venturelab https://t.co/pQcScYqRCr https://t.co/tNcRphNs2A #CMCventureLAB #Partnership #TechRevolution pic.twitter.com/fBQfMDLPUZ

— CMC Microsystems (@CMCMicrosystems) April 5, 2024

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April 5, 2024: CMC Microsystems, a not-for-profit organization that accelerates research and innovation in advanced technologies in Canada, and ventureLAB, leading global founder community for hardware technology and enterprise software companies in Canada located in York region, have signed a Memorandum of Understanding (MOU) to formalize their relationship and advance Canada’s advanced technology ecosystem.

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Under the agreement, the organizations will support each other’s complementary programs to advance the advanced technology ecosystem in Canada. CMC has made a formal commitment to support the Hardware Catalyst Initiative (HCI), which provides support for hardware and silicon small- and medium-sized (SMEs) companies building transformative solutions in healthcare, telecommunications, advanced computing, connected transportation and smart energy. In addition, ventureLAB has committed to supporting CMC’s Virtual Incubator Environment (VIE), a program designed specifically for startups which provides a bundle of design tools and manufacturing technologies at accessible price points.

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CMC’s Virtual Incubator Environment (VIE) is a suite of tools, technologies, and services for startups. Startups can access design and simulation tools, technical support from CMC experts, and access to state-of-the-art fabrication in microelectronics, silicon photonics, and micro-electromechanical systems (MEMS) at accessible rates. FABrIC is a proposal presented to the Government of Canada for a five-year, $200M plus project to secure Canada’s future in semiconductors. FABrIC lowers barriers for entrepreneurs in Canadian companies who develop microchip manufacturing processes, create Internet-connected products and services, and export into a global market growing made-in-Canada microchip manufacturing, internet-connected products and services (IoT), and quantum technologies.

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Both leaders also emphasized that FABrIC is a key initiative that will boost the entire Canadian semiconductor and advanced technology ecosystem. “Canada is recognized around the world as a leader in some of the most innovative and advanced semiconductor technologies such as compound semiconductors, photonics, internet-connected devices, and quantum technologies – specialized advanced technologies with exponential growth opportunities and high value-add” said Harling. “FABrIC is an innovative, cost-effective way to create a resilient and sustainable semiconductor ecosystem in Canada, and keep Canada at the forefront of advanced manufacturing and advance Canada's knowledge-based economy,” said Hugh Chow.

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