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Government of Canada invests in discovery and applied research to keep the country at the forefront of scientific advancements

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Support for researchers, innovators and rising talent pushing the boundaries of knowledge to address the world’s most pressing issues

OTTAWA, ON, June 14, 2024 /CNW/ – Discovery-driven research shapes Canada’s response to cotemporary challenges, improving lives through pioneering exploration. The next generation of scientists and engineers are constantly expanding the frontiers of knowledge, creating new possibilities and driving impactful breakthroughs.

Today, Yasir Naqvi, Parliamentary Secretary to the Minister of Health, and Ryan Turnbull, Parliamentary Secretary to the Deputy Prime Minister and Minister of Finance and Parliamentary Secretary to the Minister of Innovation, Science and Industry, on behalf of the Honourable François-Philippe Champagne, Minister of Innovation, Science, and Industry, announced $693.8 million in funding for discovery and applied research. The lion’s share, more than $554 million, will flow through the Natural Sciences and Engineering Research Council of Canada’s (NSERC) Discovery Research Program. This funding will support researchers venturing into uncharted territory to find solutions to pressing issues such as the protection of the environment, food security and sustainable constructions in cold climates.

This program also connects Canadian research teams to global research questions through international collaborations and attracts the world’s brightest minds to the country to increase the impact of science, technology and innovation in Canada.

In addition, colleges, CEGEPs and polytechnics are receiving $30.6 million to conduct applied research projects through the College and Community Innovation (CCI) program. This includes 20 Technology Access Centre grants, addressing innovation challenges by enabling community organizations to take advantage of the college’s expertise, technology and equipment.

More than $94.5 million will also be invested in the Canada Research Chairs (CRC) Program to support 121 new and renewed chair holders at 39 postsecondary institutions across the country in a wide range of disciplines including health, sciences and engineering, social sciences and humanities. As a partner of the CRC program, the Canada Foundation for Innovation will support 18 projects across 15 postsecondary institutions with an additional investment of nearly $4 million via its John R. Evans Leaders Fund.

Finally, over $10 million of this funding will help deliver 44 science promotion and outreach programs that engage and inspire young Canadians to develop their skills and curiosity through science, technology, engineering, and mathematics via the PromoScience program.

Highlighting the commitment to bolstering Canada’s research landscape, Budget 2024 proposes a significant investment of $1.8 billion over five years, and $748.3 million per year ongoing, to the federal granting councils to increase core research grant funding. This substantial investment underscores the government’s dedication to fostering innovation and advancing knowledge, ensuring that Canada remains at the forefront of scientific discovery and technological advancement on the global stage.

Quotes 

Canada’s science and research sector is solving some of the world’s greatest challenges, all while driving innovation, growth and productivity. Research programs like Discovery give researchers the flexibility to explore the most promising avenues of research as they emerge to ensure Canada remains a world leader in science and new technologies. Congratulations to all exceptional researchers receiving support, we look forward to learning of your successes.”
– The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry 

“Investing in research, developing Canadian research talent, and attracting top scientists working on groundbreaking research from around the world boost our innovation capabilities. The discoveries made in the research of today will help launch the businesses of tomorrow.”
Ryan Turnbull, Parliamentary Secretary to the Deputy Prime Minister and Minister of Finance and Parliamentary Secretary to the Minister of Innovation, Science and Industry

“In today’s global knowledge economy, Canada needs good science and research knowledge to remain competitive. Investments, like the ones announced today, means scientists, researchers and students are supported to become global leaders in their field, helping expand the frontiers of science and investing in a better future for Canadians.”
Yasir Naqvi, Parliamentary Secretary to the Minister of Health

“Whether it’s through discovery or applied research, these recipients have the potential to reveal unexpected findings and have a significant impact on our society and well-being. Today’s announcement provides funding for the full gamut of research impact, from the earliest stages of discovery to the final stages of bringing innovations to communities. It also provides support to inspire students in their most formative years, and to spur our research leaders to even greater success. I applaud the dedication of all our discoverers and innovators in tackling the world’s toughest problems and their determination to find bold solutions.” 
– Prof. Alejandro Adem, FRSC, President, Natural Sciences and Engineering Research Council of Canada (NSERC)

“The University of Ottawa is thrilled to host this funding announcement. For uOttawa, it means support for three new or renewed Canada Research Chairs and 96 Discovery grant recipients, highlighting a vibrant research environment. This significant investment not only demonstrates the outstanding work being done here at uOttawa but will also help propel us into a future filled with groundbreaking discoveries and innovations. We are grateful for this support by the Government of Canada, which will undoubtedly inspire and empower our researchers to achieve even greater heights.”
Sylvain Charbonneau, Vice-President, Research and Innovation, University of Ottawa

Quick facts

Today’s investment is spread across two NSERC programs and two programs from the three federal research granting agencies (NSERC, the Social Sciences and Humanities Research Council of Canada and the Canadian Institutes of Health Research):

NSERC Discovery Research Program

$554 million in funding over five years to researchers in a wide variety of disciplines, including biology, mathematics and statistics, computer science, physics, chemistry, and engineering. NSERC also supports Indigenous research in the natural sciences and engineering. These grants provide recipients with funding to maintain a long-term program of research, foster research excellence and provide stimulating environments for research training.The Discovery Research Program includes several funding opportunities:$427 million in individual Discovery Grants to 2030 researchers across science and engineering disciplines$72.4 million in one-time, one-year extensions with funds to existing Discovery Research grants held by more than 1,800 researchers across Canada impacted by the COVID-19 pandemic.$13.3 million in grants to Subatomic Physics research projects, major resources and equipment.$5.5 million in grants through the Discovery Horizons for 15 projects that broadly integrate or transcend disciplines to advance knowledge in the natural sciences and engineering.$6.7 million in Discovery Launch Supplements to 536 early-career researchers in the first year of their Discovery Grants to help them launch their careers.$25.1 million for 199 Research Tools and Instruments Grants to give researchers access to highly specialized tools needed for their investigations.$2.1 million in Northern Research Supplements to 26 researchers to augment and promote Canadian university-based northern research and training.$1.5 million in Discovery Development Grants to 38 researchers to promote and maintain a diversified base of high-quality research in small universities across Canada.$503,000 in Ship Time grants that will allow four researchers to access vessels in support of their research programs.

College and Community Innovation program (tri-agency):

     Applied Research Tools and Instruments (ARTI) grants

54 awards$9.4 million over 1 year

     Technology Access Centre (TAC) grants

20 awards$21.25 million over 5 years

Canada Research Chairs– 2023-1 cycle (Tri-agency Institutional Programs Secretariat))

121 awards39 institutions$94.5 million

     Canada Foundation for Innovation’s John R. Evans Leaders Fund

18 projects15 institutions$3.9 million

NSERC PromoScience program

44 grants$10.8 million

Associated links

2024 Research Grants competition resultsCompetition Statistics Dashboard – Discovery GrantsCompetition Statistic Dashboard – Research Tools and InstrumentCompetition Statistics Dashboard – Subatomic Physics GrantsApplied Research Tools and Instruments competition resultsTechnology Access Centre competition resultsCanada Research Chairs recipients: 2023-1 cycleJohn R. Evans Leaders Fund competition resultsPromoScience grant recipients

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Find more services and information at Canada.ca/ISED.

Follow Innovation, Science and Economic Development Canada on social media.
X: @CDNScience, Facebook: @CDNScience, Instagram: @CDNscience and LinkedIn

Follow the Natural Sciences and Engineering Research Council of Canada on social media.
X: @NSERC_CRSNG, Facebook: @nserccanada, Instagram: @NSERC_CRSNG,
YouTube: NSERCTube and LinkedIn

SOURCE Natural Sciences and Engineering Research Council of Canada

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ASUS Accelerates Enterprise AI at Scale with 6th-Gen AMD EPYC Server CPUs

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 ASUS leverages 6th-gen AMD EPYC Server CPUs to deliver scalable, efficient compute for enterprise AI, cloud, virtualization and business-critical workloads

SAN FRANCISCO, July 24, 2026 /PRNewswire/ — ASUS today announced its groundbreaking new server lineup powered by the AMD EPYC™ 9006 processors, engineered to deliver unmatched performance for the most demanding intensive enterprise workloads. This advanced portfolio introduces two highly optimized series with efficiency-optimized AMD EPYC SP8 server CPU, the flagship dual-socket ASUS RS700A/720A for extreme compute density and the single-socket ASUS RS500A/520A for superior space efficiency and deployment flexibility.

Both series integrate full PCIe® 6.0, leading memory support, and high-density E3.S storage, all underpinned by proprietary ASUS innovations for superior thermal management and operational efficiency to meet and exceed the rigorous demands of enterprise AI, virtualization, storage and cloud environments.

“The new ASUS server series, powered by 6th-gen AMD EPYC server CPUs, is engineered to power every enterprise workload with flexible, scalable infrastructure,” Paul Ju, Senior Vice President of ASUS, commented, “This launch marks a significant milestone for ASUS and our clients. The new series empowers businesses with a resilient foundation to achieve unprecedented computing efficiency and accelerating AI innovation with inference.”

ASUS expands 6th-gen AMD EPYC server portfolio with dual optimized series

ASUS has introduced a new server lineup segmented into two distinct series, each precisely engineered to meet diverse enterprise demands.

The flagship RS700A/720A series (dual-socket) delivers extreme compute density, making it ideal for AI inferencing, and complex simulations. It offers exceptional bandwidth with PCIe 6.0, memory leadership via 32 DIMM slots supporting ultrafast MRDIMM, and high-density storage with up to 32 E3.S bays in a compact 2U form factor.

Complementing this is the RS500A/520A series (single-socket), a highly efficient and space-optimized solution with depth under 800mm, perfect for mainstream enterprise workloads and rack-constrained environments. Featuring full PCIe 6.0 capabilities, E3.S storage support, and modular scalability through shared components with the RS700A and RS720A series, it provides uncompromised performance in a streamlined, deployment-friendly design.

ASUS elevates the AMD EPYC platform with cutting-edge proprietary innovations

ASUS has significantly advanced the AMD EPYC 9006 platform with a series of proprietary engineering breakthroughs focused on superior reliability, thermal management, and operational efficiency.

The DC-MHS modular architecture features a zone-partitioned chassis that separates I/O, HPM, fan, and storage modules to accelerate development, reduce capital costs, and enable rapid serviceability. The patented ASUS DIMM.2 Innovation repositions M.2 storage to the cooler DIMM region, eliminating thermal throttling without extra heatsinks and unlocking greater scalability. Thermal Radar 3.0 with PID Control delivers precise real-time fan regulation via advanced algorithms, reducing energy use and maintaining peak performance under heavy enterprise-level workload.

Completing the suite is the optimized tool-less operational-velocity design, which boosts maintenance efficiency, maximizing uptime and lowering TCO and sustaining peak performance even under volatile, high-load AI/HPC workloads.

AVAILABILITY & PRICING

ASUS RS700A/720A series and RS500A/520A series servers will be available soon. Please contact your local ASUS representative for further information.

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Fractal posts 20% revenue growth and 92% net income growth in Q1 FY27

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Adjusted EBITDA Grows at 35% YoYGross Margin up 29 bps1 to 46%; Adjusted EBITDA Margin up 189 bps to 17%

NEW YORK, July 24, 2026 /PRNewswire/ — Fractal Analytics Ltd (BSE: 544700) (NSE: FRACTAL) announced its consolidated financial results for Q1 FY27, ending June 30, 2026.

In Q1 FY27, the Company reported consolidated operating revenue of INR 9,125 m, a growth of 20% year on year (YoY). Revenue growth was led by the company’s Healthcare and Life Sciences (HLS) industry, which clocked 69% growth YoY. Strong sustained growth in HLS over the last several quarters has resulted in it becoming the second largest industry in the portfolio. Banking, Financial Services and Insurance (BFSI) also performed very well, growing 36% YoY in Q1. Fractal’s largest industry, Consumer Packaged Goods and Retail (CPGR), continued to gather momentum, growing 19% YoY. On the other hand, TMT declined 22% YoY.

Fractal’s focus on deepening customer relationships continues to yield good outcomes. Its clients collectively increased their spending with the company, as reflected in the Net Revenue Retention2 of 117% in Q1. Further, its Net Promoter Score (NPS) during the period stood at 77.

The company reported improved profit margins at all levels. Gross Margin in Q1 was at 46%, while Adjusted EBITDA Margin expanded by 189 bps YoY to 17%. Net Income grew 92% YoY to INR 723 m.

Commenting on the performance, Srikanth Velamakanni, Group CEO and Executive Vice-Chairman, said:

“Enterprises are putting real transformation budgets behind AI now and we’re seeing it directly in the size of the deals coming to us. TMT was the drag on our headline growth this quarter. Excluding TMT, our business grew 35% year on year, which is a better read on the underlying demand we’re seeing.

As data sovereignty becomes a bigger priority for governments and enterprises, and as open-weight models keep improving, clients need a partner who can work across models and infrastructure. We have invested heavily in our people, our research, and our own intellectual property to be that partner.”

1 Basis points = 1/100th of 1%
2 Net Revenue Retention in our Fractal.ai segment measures how effectively we retain and expand revenue from our existing clients over a defined period and is calculated by comparing the current period’s revenue from the clients who existed at the start of the period, with their revenue in the previous period – including the effects of upsells, cross-sells and contractions

About Fractal 

Fractal Analytics Ltd (BSE: 544700) (NSE: FRACTAL) is a globally recognized pure-play enterprise AI company trusted by Fortune 500®-sized enterprises to power decision-making through AI services, solutions, and products, anchored by Cogentiq, its flagship agentic AI platform. With over 6,000 professionals across North America, EMEA, and Asia-Pacific, Fractal partners with business leaders to drive competitive differentiation for their organizations by embedding AI into critical decisions across business functions and industry verticals.

Fractal invests more than 6% of its revenue in AI R&D, supporting foundational AI research, product development, and IP creation that address both immediate client needs and long-term technological advancement. Fractal’s track record includes developing proprietary models and products such as Cogentiq Health – Vaidya.ai and Cogentiq Data Science – PiEvolve, as well as incubating and spinning out Qure.ai, a global healthcare AI leader focused on the rapid identification and management of tuberculosis, lung cancer, and stroke (or critical health conditions). Fractal’s suite of businesses consists of Asper.ai (a Revenue Growth Management product for CPG companies) and Analytics Vidhya (an Ed-tech platform).

For more information, go to www.fractal.ai.

Logo: https://mma.prnewswire.com/media/2931510/5858548/Fractal_Logo.jpg

 

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SOURCE Fractal Analytics Limited

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Xryma Plc : Pre-Listing Liquidity Facility and Price Discovery Process

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NICOSIA, Cyprus, July 24, 2026 /PRNewswire/ — Xryma Plc (“Xryma”)  announces its intention to reapply within the next twelve months for admission to list on Euronext Paris (“Euronext”), with such admission being subject to Euronext’s approval. Before submitting its application, Xryma intends to launch a pre-listing liquidity facility and price discovery process, comprising a private placement to institutional and qualified investors alongside a secondary market offer to Xryma existing shareholders (“shareholders”) wishing to exit prior to listing.  

The admission referred to above that is subject to the approval of Euronext may also be subject to approval by relevant regulatory authorities, and no assurance can be given that approval will be granted or as to the timing of any admission.

The pre-listing liquidity facility and price discovery process is designed to:

Enable shareholders seeking an exit to participate without the need to open an EU brokerage account,Provide a clear and orderly opportunity for existing shareholders to sell all or part of their holdings ahead of any potential admission to trading on Euronext Paris,Enable shareholders to sell all or part of their holdings at the same price at which qualified and institutional investors subscribe for shares in the Company,Establish, through a bookbuild with qualified and institutional investors, a market-validated referenced price for Xryma shares ahead of any potential admission on Euronext Paris (the “Primary Market Placement Price”),Support orderly trading upon potential admission.

Individual shareholder mailouts explaining the details of the pre-listing liquidity facility scheme with instructions and necessary documentation will be conducted during August 2026.

As the Primary Market Placement Price is to be determined by the subsequent bookbuild, shareholders will be given the opportunity to set a floor price which will result in the sale of their shares if the Primary Market Placement Price is higher.  Shareholders will receive the Primary Market Placement Price minus applicable fees.

Shareholders and Investors may be scaled back to match corresponding demand from the other party, with partial fulfilment a possibility if the Company cannot match supply to demand.

Completion of the process is subject to achieving a level of institutional and qualified investor demand that the Board considers appropriate to support an orderly market should Xryma subsequently be admitted to trading on Euronext Paris.

Participation is entirely voluntary. Shareholders who do not wish to sell will simply retain their shares. Shareholders that do not intend to participate should continue to onboard with a Euronext participating broker, or a Euroclear ESES custodian, per previous communications.

The major shareholders, SCP Select All Enterprise (Monaco) and SCP Red 5 Solutions (Monaco) will not participate in the offer and will be subject to lock up arrangements.

Mr Nikogiannis (John) Karantzis, CEO of Xryma Plc comments: “Our shareholders have told us they would value a straightforward way to realise their holdings without the time and cost of opening an EU brokerage account. This process is our response to that feedback. We are structuring the placement to be large enough to establish a credible reference price whilst limiting dilution, with demand directed first towards meeting shareholder sell interest. We look forward to updating the market on the revised timetable in due course.”

Shareholders seeking a more detailed explanation of the pre-listing liquidity facility and price discovery process, should refer to the guide available at https://www.xryma.com/investors

Important Information & Disclaimers

This press release may contain inside information within the meaning of Article 7(1) of Regulation (EU) 596/2014 (Market Abuse Regulation).

This publication is not for publication or distribution or release, directly or indirectly, in or into the United States of America (including its territories and possessions, any state of the United States and the District of Columbia), Canada, Australia, South Africa, Japan or any other jurisdiction where such an announcement would be unlawful. The distribution of this publication may be restricted by law in certain jurisdictions and persons into whose possession this document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. No action has been taken that would permit an offering of the treasury shares or possession or distribution of this publication in any jurisdiction where action for that purpose is required.

This publication does not constitute or form part of an offer for sale or solicitation of an offer to purchase or subscribe for securities in the United States, Canada, Australia, South Africa, Japan or any other jurisdiction and the securities referred to herein have not been registered under the securities laws of any such jurisdiction. Any New Shares (if such are issued) will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), or under the securities laws of any State or any other jurisdiction of the United States, and may not be offered or sold, directly or indirectly, in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of, the Securities Act and in compliance with all applicable securities laws of any State or any other jurisdiction of the United States. No public offering of securities is being made in the United States or in any other jurisdiction.

The information set forth herein must not be distributed in any jurisdiction where such distribution is unlawful, and any recipients are requested to inform themselves about and to observe such restrictions.

The Offering referred to herein by Xryma Plc will only be made in accordance with all applicable corporate and securities laws. Any shares referred to herein will exclusively be offered or sold in reliance on any applicable exemptions from prospectus or registration requirements in any jurisdiction. In member states of the European Economic Area, this publication is only addressed to and directed at persons who are ‘qualified investors’ within the meaning of Article 2(e) of Regulation (EU) 2017/1129 (as amended and including any relevant delegated regulations, the “Prospectus Regulation”) or in any other circumstances falling within exemptions available in the relevant member state under Article 1(4) and/or 1(5) of the Prospectus Regulation. In the United Kingdom, this publication is only addressed to and directed at qualified investors within the meaning of the Prospectus Regulation, as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended (“EUWA”), who are persons (i) who have professional experience in matters relating to investments falling within Article 19(5) (investment professionals) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the “Order”), (ii) falling within article 49(2)(a) to (d) (high net worth companies, incorporated associations, etc.) of the Order, or (iii) to whom it may otherwise be lawfully communicated; any other persons in the United Kingdom should not take any action on the basis of this publication and should not act on or rely on it.

This publication does not constitute a recommendation concerning the prospective Offering. This announcement does not constitute an Offer or invitation to subscribe.

This announcement includes statements that are, or may be deemed to be, ‘forward looking statements’. These forward-looking statements can be identified by the use of forward looking terminology, including the terms ‘believes’, ‘estimates’, ‘anticipates’, ‘expects’, ‘intends’, ‘may’, ‘will’, or ‘should’ or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. By their nature, forward looking statements involve risk and uncertainty because they relate to future events and circumstances which may or may not occur. Many of these factors are beyond the control of the Company. Should one or more of these risks or uncertainties materialise, or should underlying assumptions prove incorrect, actual results and circumstances may vary materially from those described in this announcement as anticipated, believed, estimated or expected.

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