Canada-Brazil Smart Grid Match-Making Mission Sows the Seeds of More than 300 Industry-Led Bilateral R&D and Business Partnerships
ISTPCanada and its Partners Help 60 Canadian Companies Pursue New Market Opportunity – and a Sustainable Energy Future
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The Brazilian economy is currently the world’s seventh largest by nominal GDP and by purchasing power parity, and it is predicted to be fifth largest before the end of the decade. As one of the first emerging markets to begin an economic recovery, and home to increasing investment from corporations around the world, the importance of Brazil as an economic partner will only continue to grow.
To help Canadian companies capitalize on the opportunities presented by Brazil, ISTPCanada (together with national and regional partners) organized and hosted the Canada-Brazil Smart Grid Match-Making Mission with events in Toronto, Ontario and Vancouver, BC in early December 2011. The mission convened more than 200 senior leaders from the smart grid industry, utility companies, academia and government from across Canada, Brazil and Chile. This included:
- 60 companies from across Canada
- More than 30 distinguished from Brazil under the leadership of FAPESP (the State of São Paulo Research Foundation) and
- 10 guest delegates from Chile, a key trade partner and fellow nation committed to the creation and adoption of smart grid technologies and new energy networks
The mission aimed to foster long-term bilateral R&D and commercial partnerships that accelerate the development and adoption of novel smart grid applications. More broadly, it provided a platform on which to strengthen Canada’s S&T and commercial ties with Brazil and Chile, and help Canadian companies to capitalize on market opportunities in the energy sector of these important trade nations.Built on shared Canadian, Chilean and Brazilian economic imperatives, it provided the opportunity for participating firms to:
• Establish relationships with potential R&D and business partners;
• Connect with global innovation networks;
• Gain insight into global supply chains and market opportunities; and
• Explore export opportunities for clean energy technologies.
Based on initial outcomes reported by participants, the mission generated more than 300 initial ‘matches’ among Canadian, Brazilian and Chilean companies. Given the seniority of participating officials, many organizations have already taken next steps to explore R&D and business partnership opportunities in greater detail. For example, several firms are engaging in follow-up communication with prospective partners or planning future site visits to companies of interest.
Special thanks are extended to the following partners that helped to ensure the success of this mission: Foreign Affairs and International Trade Canada (DFAIT); Smart Grid Canada; Ryerson University: University of Ottawa; British Columbia Institute of Technology (BCIT); BC Hydro; the Government of British Columbia; and the Ontario Centres of Excellence (OCE).
The Canada-Brazil Program managed by ISTPCanada enables innovators to develop new R&D bilateral partnerships that increase the competitiveness in the global market. The organization provides support for collaborative R&D projects, partnership development activities and technology matchmaking that helps to accelerate innovation, attract foreign investment and stimulate downstream trade.
To view the presentations, please click here.
For additional information, please contact:
Senior Communications Strategist