In Canada, the government is working to create a strong regional knowledge hub with certain prioritised areas and global perspectives.

CERC program will establish 20 prestigious research chairs, at $10 million each over seven years, in universities across the country. The program aims to attract and retain the world's most accomplished and promising minds and help Canada build a critical mass of expertise in priority research areas. The program will invest $28 million per year when fully ramped up in 2011-12.

CERC is a tri-agency initiative of the three granting councils, administered by the Canada Research Chairs Secretariat.

Source: www.industrycanada.ca