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Sciemetric among 11 companies to share $41M investment to bolster Canada's auto sector

January 17, 2018 – Ottawa, Canada – Sciemetric Instruments is among 11 Canadian companies to receive investment from the Government of Canada’s Strategic Innovation Fund (SIF) in support of the nation’s automotive sector.

The announcement was made Jan. 17 by the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development. The 11 companies, located in Ontario, Quebec and British Columbia, will share a total of $41 million.

The intent of the SIF is to help create well-paying, middle-class jobs and drive long-term prosperity across all sectors of the Canadian economy by attracting and supporting quality business investments.

The $41 million is expected to create or maintain 2,600 jobs in Canada’s automotive sector, by supporting technological advancements that will make vehicles safer and more fuel-efficient.

Sciemetric has a 25-year history working with automotive OEMs and suppliers in North America and abroad to increase their yields, improve quality and optimize manufacturing processes.

The Sciemetric team pioneered signature analysis for in-process defect detection in manufacturing in the early 1990s with a top North American automaker. This expertise today extends into data management and analytics technologies that equip automakers to compete in the Manufacturing 4.0 world and achieve new benchmarks for vehicle safety, reliability and efficiency.