June 3, 2009
FREDERICTON (CNB) - The provincial government will invest $560,000 over four years in the MITACS (Mathematics of Information Technology and Complex Systems) ACCELERATE internship program for graduate students.
Post-Secondary Education, Training and Labour Minister Donald Arseneault made the announcement today at the University of New Brunswick in Fredericton.
"We are pleased to support the MITACS ACCELERATE internship program," said Arseneault. "We recognize that co-operation between government, the academic community and industry is essential in training highly qualified personnel who will help make New Brunswick more competitive and self-sufficient."
The program is delivered by MITACS, a federally funded network of centres of excellence that connects companies, governments and community organizations with the research knowledge in Canada's universities. The MITACS ACCELERATE internship programconnects New Brunswick's up-and-coming graduate student researchers with local companies for short-term, applied-research projects.
"New Brunswick's graduate students are truly an untapped resource," said Arvind Gupta, scientific director of MITACS. "The research expertise that the next generation is developing at the province's universities and colleges is going to help local businesses to become more competitive on the national and international stages. This new funding will help to ensure that knowledge transfer takes place."
Funded by the governments of New Brunswick and Canada, the goal is to give graduate students work experience in their field while providing companies with access to the latest research advancements at New Brunswick universities. While working on-campus and with a local company, graduate students chosen from New Brunswick universities conduct research and develop techniques to accomplish project goals.
"We are hoping that this program will not only provide job experience for students who have continued their studies, but will also promote New Brunswick universities and show the level of academic excellence our province has to offer," said Arseneault.
Created in 1999, MITACS is a research network with offices across Canada, including in Fredericton. It brings together academia, industry and the public sector through research and training initiatives to develop cutting-edge tools vital to our knowledge-based economy. In 2003, MITACS started MITACS ACCELERATE, a first-of-its-kind internship program that connects Canadian graduate students and their professors with companies to help knowledge transfer and introduce the private sector to the research expertise in Canada's universities.
More information about the MITACS ACCELERATE program may be found online.
MEDIA CONTACTS: Sheri Strickland, communications, Department of Post-Secondary Education, Training and Labour, 506-453-8617; Megan Airton, communications, MITACS INC., 778-233-6344.